Price has broke a monthly high and a monthly low.
Monthly high-blue dashed line
Monthly low - red dashed
Im expecting price to drop to the previous monthly low which is at the bottom of the channel, where the banks will have there buy orders im sure!
To get a real understanding of the chart have a look for yourself on the H1 and H4, you can see price has just broke a major resistance level that the bulls were holding for sometime. We are currently testing that now support level, im waiting on more confirmation before jumping in on a sell just to be sure its not a fakeout.
Consider following on tradingview,
A detailed look on the charts will be sent soon,
Good luck, stay blue,
Ash.
Monthly high-blue dashed line
Monthly low - red dashed
Im expecting price to drop to the previous monthly low which is at the bottom of the channel, where the banks will have there buy orders im sure!
To get a real understanding of the chart have a look for yourself on the H1 and H4, you can see price has just broke a major resistance level that the bulls were holding for sometime. We are currently testing that now support level, im waiting on more confirmation before jumping in on a sell just to be sure its not a fakeout.
Consider following on tradingview,
A detailed look on the charts will be sent soon,
Good luck, stay blue,
Ash.
