The price has been in a long-term downtrend. We expect that the price will reach the resistance level which would be our entry for short position. Stop loss should be placed above the resistance. Our target for shorts is the low from May 2023.
Descending channel, price has reached the bottom Recovery may be similar to previous green rectangle and following
Take care & analyzed it again - it`s always your decision ... (for a bigger picture zoom the chart) This is only a trading capability - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... 1482 Cross-Rates (2016 Statistics) @ drive.google.com Best regards Aaron
Take care & analyzed it again - it`s always your decision ... (for a bigger picture zoom the chart) This is only a trading capability - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... 1482 Cross-Rates (4th Quarter Statistics) @ drive.google.com Best regards Aaron