in order for this play to happen
price must hold the 0.126-0.125 areas.
we are above the 200 ema in the 15 min 30 min 1 hourly charts so trend have a strong potential to stay bullish.
if price proves itself above the 0.126 bullish price action will be more likely
however if we start moving below it bearish continuation of the selling pressure is likely.
on the 1 hourly chart
bearish continuation will be (in my opinion) a breakdown below 0.1255
which would also be invalidate my bullish theory.
currently im long from 0.1260..
stop loss 0.1253
good luck to everyone
price must hold the 0.126-0.125 areas.
we are above the 200 ema in the 15 min 30 min 1 hourly charts so trend have a strong potential to stay bullish.
if price proves itself above the 0.126 bullish price action will be more likely
however if we start moving below it bearish continuation of the selling pressure is likely.
on the 1 hourly chart
bearish continuation will be (in my opinion) a breakdown below 0.1255
which would also be invalidate my bullish theory.
currently im long from 0.1260..
stop loss 0.1253
good luck to everyone
Trade closed: stop reached
RIP
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.