We got the pullback we are looking for, now it could be range bound for few days .
Right now, we are forming a series of lower highs on 1 hr time frame, the fact that we have a cross over between conversion and base line in favor of bears. We can try sell when we see price fail to go above $1666 ( current 26 ema level ). The target is sub $1640. The idea would be invalidated on any breach and close above $1680
Right now, we are forming a series of lower highs on 1 hr time frame, the fact that we have a cross over between conversion and base line in favor of bears. We can try sell when we see price fail to go above $1666 ( current 26 ema level ). The target is sub $1640. The idea would be invalidated on any breach and close above $1680
$1642 need to act as resistance for the descending channel to hold, so far the forecast is in line, i would just scalp