in one hand we have the break out from 5 month consolidation zone
then retest
we also have monthly support @ 15060
we have double down near daily support
So is this breaking and retesting the lowest low? (as far as our data shows)
or just simply false breakout
technical I think it is going to retest the lowest low
we have ma 200,100,50 and 20 giving us a nice flow to down side
and NO SIGN of reversal YET.
so I am gonna stay bearish on this pair. until I have a good reversal signal.
then retest
we also have monthly support @ 15060
we have double down near daily support
So is this breaking and retesting the lowest low? (as far as our data shows)
or just simply false breakout
technical I think it is going to retest the lowest low
we have ma 200,100,50 and 20 giving us a nice flow to down side
and NO SIGN of reversal YET.
so I am gonna stay bearish on this pair. until I have a good reversal signal.
