Awaitng confirmation over the next few days before taking a long position.
You might see that the 3 SMA's (4,9,18) are fanning out respectively, indicating the establishment of a new bull trend. However the trendline still needs to be broken.
I am after a close with large volume above the bear trendline. Before I take a long position ADX will need to be pointing up so as to confirm the bull reversal and start of a new trend.
Target for long position should be sub 0.85 with stop1 pip below breakout close
You might see that the 3 SMA's (4,9,18) are fanning out respectively, indicating the establishment of a new bull trend. However the trendline still needs to be broken.
I am after a close with large volume above the bear trendline. Before I take a long position ADX will need to be pointing up so as to confirm the bull reversal and start of a new trend.
Target for long position should be sub 0.85 with stop1 pip below breakout close
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