after the down move, im expecting price to bounce back up to monthly TL
it is possible for the price to bounce off the monthly TL and break the channel downwards
a retracement would be a good place to enter short.
price then can go all the way down to the daily level at 0.83300
(i placed a short trade when price first retraced back to monthly TL)
it is possible for the price to bounce off the monthly TL and break the channel downwards
a retracement would be a good place to enter short.
price then can go all the way down to the daily level at 0.83300
(i placed a short trade when price first retraced back to monthly TL)
