$TRUMP looks like it's setting up for a short-term drop, folks.
If it stays above 1.41, I'm expecting a leg down to test the 1.41 support level.
- SMA7 is above the current close, but SMA25 is below, indicating a mixed market structure.
- 10-bar trend is sideways, indicating flat momentum.
- The last candle is bearish.
A daily close above 1.71 breaks this setup.
Do you agree that $TRUMP is in a short-term downtrend?
#MarketAnalysis
If it stays above 1.41, I'm expecting a leg down to test the 1.41 support level.
- SMA7 is above the current close, but SMA25 is below, indicating a mixed market structure.
- 10-bar trend is sideways, indicating flat momentum.
- The last candle is bearish.
A daily close above 1.71 breaks this setup.
Do you agree that $TRUMP is in a short-term downtrend?
#MarketAnalysis