In this Chart we are seeing a very weak Trend *weak = down movement* it all started from there 3 little up bars
look at their volumes, very low, and every up bar with low volume it means lack of demand.
no look at No Demand 2 it tried to test the Demand, the result was no demand! it's very good signal of the down trend.
so we have 3 targets, and each target the prise will take a break to test the demand, if we found high volume on the up bars it could be an alert to exit the short trade,
however, the Resistance 2 it's diffecult to predict if the price will reach this level, because we have the channel down line, and another resistance line, maybe the candle or the bar will have a very long tail then maybe it will close away from the buttom then it will be a signal to continue rising!
It is just your personal desicion if you win or lose, be careful and follow your own Strategy and System!
to visit my Facebook page: adf.ly/1nH3TR
to visit my Youtube Channel: adf.ly/1nG0wP
look at their volumes, very low, and every up bar with low volume it means lack of demand.
no look at No Demand 2 it tried to test the Demand, the result was no demand! it's very good signal of the down trend.
so we have 3 targets, and each target the prise will take a break to test the demand, if we found high volume on the up bars it could be an alert to exit the short trade,
however, the Resistance 2 it's diffecult to predict if the price will reach this level, because we have the channel down line, and another resistance line, maybe the candle or the bar will have a very long tail then maybe it will close away from the buttom then it will be a signal to continue rising!
It is just your personal desicion if you win or lose, be careful and follow your own Strategy and System!
to visit my Facebook page: adf.ly/1nH3TR
to visit my Youtube Channel: adf.ly/1nG0wP
Trade closed: target reached