USD/ MYR continues trending downward within the channel trend and Bollinger bands . RSI showing a downward signal, MACD and MAs crossed downward.
Short Seller
- Good selling point from the breakout point of the previous support level (RED), close position at 3.90
Buyer
- Entry point advisable at 3.88, gotta wait for the bounce from the support level (GREEN) of the overall upward flag.
I don't participate in this trading, just giving out my thoughts. Buy or sell at your own risk level. I'm only observing currency to see the overall economic development.
Short Seller
- Good selling point from the breakout point of the previous support level (RED), close position at 3.90
Buyer
- Entry point advisable at 3.88, gotta wait for the bounce from the support level (GREEN) of the overall upward flag.
I don't participate in this trading, just giving out my thoughts. Buy or sell at your own risk level. I'm only observing currency to see the overall economic development.