Price has been trending strongly lower with clean lower highs & lower lows for last couple of months and now we can see a smooth formation of BEARISH EQUIDISTANT CHANNEL (learn – Trendlines & Trendchannels strategy) in place. 200 level is seen as key support area for the price to hold in coming days. Hunt for price action sell signals only in daily or intraday charts to join this strongly moving bearish momentum till price reaches support.
PLS NOTE : All chart analysis posted here are the author's own idea of trading for educational purpose only & not any form of advice or recommendations or opinion to anyone.
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