I am now reversing short term position on TRX should either of the two restraints hold around 770 and 760 - both strong longterm trend lines, and this could see a reversal of the trend down over the past few hours (predicted in previous analysis).
Should we see a reversal, I would expect to see the bulls carry us back up to 820 if a normal trajectory. However, a fast recovery could signal a further breakout as we head into the evening (GMT time).
Watch this space (as always...)
Opinion not advice - comments or questions welcome!
Should we see a reversal, I would expect to see the bulls carry us back up to 820 if a normal trajectory. However, a fast recovery could signal a further breakout as we head into the evening (GMT time).
Watch this space (as always...)
Opinion not advice - comments or questions welcome!