Been trading this down trend recently. I believe it will make a retracement which I will be trading before the eventual move down.
You can see the HH's and HL's and just broke through the 200 EMA on the daily (right) to confirm the downtrend.
Currently at previous support where I believe price will bounce back up to test previous support, (red line) now resistance, before continuing the down trend.
1st trade - retracement to previous support, now resistance
2nd trade - trend continuation to the downside
You can see the HH's and HL's and just broke through the 200 EMA on the daily (right) to confirm the downtrend.
Currently at previous support where I believe price will bounce back up to test previous support, (red line) now resistance, before continuing the down trend.
1st trade - retracement to previous support, now resistance
2nd trade - trend continuation to the downside
