After crossing below weekly uptrend channel on Brexit, price action has again re-tested lower band's resistance but was unable to close above it stopped by the confluing horizontal weekly resistance line at 1.1197, before retracing to its closing level confluence of upper Bollinger band and SMA55.
Since May 3rd pin candlestcik a new downtrend channel has emerged with upper band resistance sitting around 1.1223.
I am going short with stop-loss above next weekly Fibonacci 0.236 retracement level (1.12926)
Since May 3rd pin candlestcik a new downtrend channel has emerged with upper band resistance sitting around 1.1223.
I am going short with stop-loss above next weekly Fibonacci 0.236 retracement level (1.12926)