Very interesting area. Currently sitting on a support
Here's my view folks:
On the weekly timeframe we are sitting on the support trendline of the ascending channel.
On the other hand, there is an inner descending channel inside that we have to consider.
We have bounced from the support and therefore I would go long from here but always have to contemplate the possible continuation of the descending channel towards 0.82795.
Cheers
On the weekly timeframe we are sitting on the support trendline of the ascending channel.
On the other hand, there is an inner descending channel inside that we have to consider.
We have bounced from the support and therefore I would go long from here but always have to contemplate the possible continuation of the descending channel towards 0.82795.
Cheers
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