As you all probably noticed last week was quite a bearish market, if the trend will continue or if it will go all the way is probably what we'll find out this week.
Asian Hours usually go against the trends, but the volume is not that high, so I'll say it can hit the previous support in that time, but in about 8 hours or so I believe the rally of last week will continue.
Before the close we did end up in a rather cute Doji, with the reversal back up in the last bit of the day ending the day above the previous open.
The upwards trend has been going on for a while 2017 november 13, the rally did revert a bit from 1. dec to 12. dec as well as on 5th of January til 10th.
but both those instances it didn't drop more than 220 pipes. now we've hit over 500 pipes down, so that's why I believe it's more or less in full control.
If anyone can point to a point in time where it dropped this much and the trend reverted I'd be happy to say that it's more likely to happen. also if it breaks the support I think the rally will just continue, it might jump up 50-100 pips, but that will mostly be in the Asia hour.
First post here, I'm not a professional, this is just my opinion don't trade based on my analysis. But I will :p
Hope you liked it
Christoffer M
Asian Hours usually go against the trends, but the volume is not that high, so I'll say it can hit the previous support in that time, but in about 8 hours or so I believe the rally of last week will continue.
Before the close we did end up in a rather cute Doji, with the reversal back up in the last bit of the day ending the day above the previous open.
The upwards trend has been going on for a while 2017 november 13, the rally did revert a bit from 1. dec to 12. dec as well as on 5th of January til 10th.
but both those instances it didn't drop more than 220 pipes. now we've hit over 500 pipes down, so that's why I believe it's more or less in full control.
If anyone can point to a point in time where it dropped this much and the trend reverted I'd be happy to say that it's more likely to happen. also if it breaks the support I think the rally will just continue, it might jump up 50-100 pips, but that will mostly be in the Asia hour.
First post here, I'm not a professional, this is just my opinion don't trade based on my analysis. But I will :p
Hope you liked it
Christoffer M
评论:
it has hit the support level of 1.22801 -