In a higher-cycle downtrend, as I’m writing this update, the price has managed to make a slight push above the top of the range. We now need to see whether it can break the channel top with a strong confirming candle, or if this is going to turn into a fake breakout.
We were waiting for a sell trigger on this pair since the higher-cycle trend is strongly bearish. In any case, the week is over, and we’ll review everything again next week and mark the new entry triggers.
We were waiting for a sell trigger on this pair since the higher-cycle trend is strongly bearish. In any case, the week is over, and we’ll review everything again next week and mark the new entry triggers.
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