daily TL broken???

The price has broken below the lower daily trendline and now consolidating at the previous support cluster area.

The beast might retrace upwards as the sellers took their partial profits. However, the general sentiment has turned bearish for the pair.

My medium term strategy is to start selling on rallies with the profit taking target at next support (143.xx).

Below is the daily chart as of 5 pm Malaysia.



0 comments:

Post a Comment

You are welcome to post comments. However, please do not use Anonymous as your ID. At least, put in your initials for easy reference in further conversations.