We're still seeing struggling above the upper trendline, this chart is very bearish especially on the monthly charts, if you are looking at this chart right now, we recommend looking for long term sell positions, however, as long as the price remains above the wedge formation shown above, we expect the price to extend itself upperside. On the flipside, if the price breaks below the same trendline to the lowerside, then we will be looking for a possible long term sell position.
Trade Recommendations:
We're buyers for now
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This is the eighth portfolio developed by FreshForex specialists. Each of the previous seven portfolios showed positive results, with a total return of 87.1%.
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