Price has been in a downwards trend since about AUG 2015, Brexit broke the trend Line and It came to retest.
Bounced twice on the major support and seemed to send a double bottom buy signal but approached the trend line it had just recently tested.
1 of 2 things will happen, 1. Price will break the line and make a run for the 1.9055 area (Completing the double bottom signal it seemed to form)
2. It can respect the trend Line and go down to the resistance and thus start a triple bottom charge to the 1.9 area.
Either way I shall wait for Monday close and a sell Limit shall be placed at 1.8339 and a buy stop above that. I will not enter any of these orders before close of monday
Bounced twice on the major support and seemed to send a double bottom buy signal but approached the trend line it had just recently tested.
1 of 2 things will happen, 1. Price will break the line and make a run for the 1.9055 area (Completing the double bottom signal it seemed to form)
2. It can respect the trend Line and go down to the resistance and thus start a triple bottom charge to the 1.9 area.
Either way I shall wait for Monday close and a sell Limit shall be placed at 1.8339 and a buy stop above that. I will not enter any of these orders before close of monday
Trade active:
Sell on!
