Breaking through prior support, turns resistance.
We are still in a bullish channel. To validate the short trade,
TRBUSD
must close below $127 on a significant time frame in order to confirm the downward trend. Until then we are awaiting confirmation, but pressure to the downside seems imminent.
More explanation on this trade later.
We are still in a bullish channel. To validate the short trade,
TRBUSD
must close below $127 on a significant time frame in order to confirm the downward trend. Until then we are awaiting confirmation, but pressure to the downside seems imminent. More explanation on this trade later.
Comment:
$127 broke just as I posted this to TradingView; and, so did $125 shortly after. I'm confident the next target is $115 as long as the price remains below $125.
Comment:
Adding to short position here at $127
Comment:
Closed 20% of my position at $118, target of $115 still in play.