The monthly chart shows a double bottom, with divergence
The weekly chart is still in the process of bottoming, and I expect false breakouts below 0.7750. The MACD shows bullish divergences on the lines and histogram, and price is as deviated from value as much as it has been since 2010, give or take.
I am very very cautious, and I will keep the risk minimum. This is a trade that needs a while to produce anything.
The weekly chart is still in the process of bottoming, and I expect false breakouts below 0.7750. The MACD shows bullish divergences on the lines and histogram, and price is as deviated from value as much as it has been since 2010, give or take.
I am very very cautious, and I will keep the risk minimum. This is a trade that needs a while to produce anything.