VVA has reached a very good support level now, which is also the global POC of Volume Profile at $1.600. MACD is also forming Bullish Divergence which indicates that the bearish momentum might be coming to an end. We might see a thrust to the upside. If price breaks the downtrend line to the upside along with High Volume, coupled with MACD cross, this would certainly be a buying opportunity and a possible change in the Bearish trend.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
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