📉 Market Analysis 📊
PRL Analysis:
Current Situation:
PRL is expected to fall after reaching 30.8 and retrace to form a higher low (HL).
RSI is below 70 on the daily chart.
Bollinger Bands are contracting on the weekly chart, indicating a potential reversal.
Trade Recommendation:
Action: Sell at current rates until 30.8.
Strategy: Look for opportunities to re-enter after the retracement and formation of a higher low.
Stay vigilant! 📉💼
PRL Analysis:
Current Situation:
PRL is expected to fall after reaching 30.8 and retrace to form a higher low (HL).
RSI is below 70 on the daily chart.
Bollinger Bands are contracting on the weekly chart, indicating a potential reversal.
Trade Recommendation:
Action: Sell at current rates until 30.8.
Strategy: Look for opportunities to re-enter after the retracement and formation of a higher low.
Stay vigilant! 📉💼