Will there be a "bigger correction"?
Well, what do i (want to) see?
On the monthly chart I see a hanging man forming at the upperband of the longterm channel. I Also see an RSI divergence and I see that the price is moving away from the upper bollingerband.
The potential cypher on the 4H chart is an excellent shorting opportunity, although you may have to use wider stops. I would say above the 1.9900.. But the reward can be huge! On the daily/4H chart you can see that price wants to differentiate from the nominal rate. Could this be the final attempt of the bulls to break the 1.9900? One last hit of the upper bollingerband triggering shorting orders? Who knows..
Well, what do i (want to) see?
On the monthly chart I see a hanging man forming at the upperband of the longterm channel. I Also see an RSI divergence and I see that the price is moving away from the upper bollingerband.
The potential cypher on the 4H chart is an excellent shorting opportunity, although you may have to use wider stops. I would say above the 1.9900.. But the reward can be huge! On the daily/4H chart you can see that price wants to differentiate from the nominal rate. Could this be the final attempt of the bulls to break the 1.9900? One last hit of the upper bollingerband triggering shorting orders? Who knows..
