Price touched 50% retracement level of the recent crash as well as the upper band of the ascending channel which is a bearish pattern. There is high probability that the price is going to reverse and resume its down trend after breaking the channel support.
N.B, Please note that this is a market study based on my knowledge and experience and not a trade suggestion for anyone to follow. I shall not be responsible for the outcome of a trade taken based on this view.
N.B, Please note that this is a market study based on my knowledge and experience and not a trade suggestion for anyone to follow. I shall not be responsible for the outcome of a trade taken based on this view.