After a multi year downtrend, this pair finally had enough in April 2013. From then on, price is trap is the green channel doing retracement not forgetting that the red channel is not broken yet.
Currently price is having a good talk at the lower green channel, should this provide a support (including a false breakdown), in short to mid term, price could rally up gradually
Certainly it would be better to wait for a green bar and completion of morning star at this support level.
Currently price is having a good talk at the lower green channel, should this provide a support (including a false breakdown), in short to mid term, price could rally up gradually
Certainly it would be better to wait for a green bar and completion of morning star at this support level.
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