Notice that Price was going long on 4hr timeframe. We are now at the bottom of the golden zone. It could keep price going down for lil while. A huge gap up caused a corrective downtrend or deep retracement back into the
long channel. I see price going short with occasional pull backs until price resumes Long channel. But of coarse news and current Brixit politics could disrupt that long channel and cause a major shift. We must be ready for everything.
long channel. I see price going short with occasional pull backs until price resumes Long channel. But of coarse news and current Brixit politics could disrupt that long channel and cause a major shift. We must be ready for everything.