We are well protected on down trend so far, and prices have followed the 1/1 GANN fan resistance.
We had our correction as expected, and now we are nearing the NEW MOON cycle 26th July thereabouts, and this signals a change of direction. This means lower levels to be seen, plus stochastic is high and starting to become negative.
Strategy sell 1.0200-1.0230 for a re-test of 1.0000 again. Perhaps place profit level at 0.9978 for now. Stop-loss can be percentage based, if wished for, or 1.0257 for now.
We had our correction as expected, and now we are nearing the NEW MOON cycle 26th July thereabouts, and this signals a change of direction. This means lower levels to be seen, plus stochastic is high and starting to become negative.
Strategy sell 1.0200-1.0230 for a re-test of 1.0000 again. Perhaps place profit level at 0.9978 for now. Stop-loss can be percentage based, if wished for, or 1.0257 for now.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.