TRXUSD more continuation down?
Hi everyone:
TRXUSD here on the higher time frame is developing into a channel structure, potentially more downside opportunities.
We see the overall price action is bearish, price has been in many bearish impulsive move, followed by larger, deeper corrections.
What I would like to see in the up coming days/weeks would be price to make another push up to the top of the channel, and look for reversal price action structure from there.
Or simply wait for a confirm break out of the channel, and any continuation correction on the lower time frame would be ideal entry.
Thank you
TRXUSD here on the higher time frame is developing into a channel structure, potentially more downside opportunities.
We see the overall price action is bearish, price has been in many bearish impulsive move, followed by larger, deeper corrections.
What I would like to see in the up coming days/weeks would be price to make another push up to the top of the channel, and look for reversal price action structure from there.
Or simply wait for a confirm break out of the channel, and any continuation correction on the lower time frame would be ideal entry.
Thank you
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