Remain flat | 13 September 2018

Technical observation

Price was rejected at the support 0.25365 and so could not penetrate below it and is currently rising towards the resistance 0.29932, I expect a rejection of it at the line followed by possible bearish momentum towards 0.25365,a breakout below 0.25365 with a big red candle followed by a correction to it confirms a further decline in price. Should there be a breakout above 0.29932 with a big green candle, wait for a correction to it confirming bullish momentum of price before you pick long positions towards 0.34710 or even higher to 0.40968 in case of a breakout above 0.34710.Right now you remain flat.

Trade signal

Remain flat.

101% Double the volume

The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.