Trend continues

Price approaches 200 MA. It looks like bears will decrease the price to 0,80670. However, this prospect is not shiny.

Trade ist aktiv:

The market will test 0,83 before making any new considerations about trend reversal. Bears moved the price towards 0,83 and will try it this week again. 0,83 seems to be an important support line after strong reaction seen last week due to approaching this level. My set-up looks like in chart attached.

www.tradingview.com/chart/U08VetXz/

Trade geschlossen: Stop wurde erreicht:

My stop of last set-up reached. Continue to look for new entries. Short is the prefered direction at the moment.