Somethings on chart:
1) RSI is under 50 (around 42)
2) PA is under ichimoku cloud indicator
3) Last three weeks bear + 4th week doji (undecided)
4) Look Left: Long time support is around 1.05000 (PA now at 1.08829)
*NOTE: This pair has been in a BEAR run for a long run ( monthly chart), if PA goes below 1.05000 will go down to all time lows. Continue to trade with trend & on shorter time frames look for setups around major S/R areas. Good Luck to all traders- to finish 2016 strong & IN THE MONEY.
1) RSI is under 50 (around 42)
2) PA is under ichimoku cloud indicator
3) Last three weeks bear + 4th week doji (undecided)
4) Look Left: Long time support is around 1.05000 (PA now at 1.08829)
*NOTE: This pair has been in a BEAR run for a long run ( monthly chart), if PA goes below 1.05000 will go down to all time lows. Continue to trade with trend & on shorter time frames look for setups around major S/R areas. Good Luck to all traders- to finish 2016 strong & IN THE MONEY.
