1. TImeframe : 1H.
2. Indicator used : Ichimoku, Fibonacci retracement, Parallel channel.
3. Forecast : Generally, it is uptrend and price is in retracement trend. But it is quite early to say that this drop is just retracement or downtrend. We need more signals to make conclusion. At current time, I sure that price will react at key levels and we will take advantage to open LONG entry in short-term.
3.1 LONG-ENTRY.
Buying zone : 7.4xx.
TP : 7.8xx-7.9xx
Stop-loss : 7.3xxx.
Price will dump to 7.4xx for back-test and pump back to 7.9xx. 7.9xx is a very important key level. If price break out this area, uptrend will continue. Oppositely, uptrend is end and downtrend is coming. Therefore, just see carefully price's reaction at 7.9xxx and make right-decision.
***MINERAL SCALE INVESTMENT***
***VIKTORTEA***