Bullish Indicators:
1) HH HL
2) Upward trend
3) Bounce from lower ascending trendline.
4) Support zone at 1.16169
5) Bullish divergence on RSI
Bearish Indicators:
1) Upper ascending trendline
2) Resistance zone at 1.16713
Plan A: Currently taking support from lower ascending trendline one can buy from here for the target of 1.16713
Plan B: On the breaking of lower ascending trendline one can take a short position for the target of 1.5243.
1) HH HL
2) Upward trend
3) Bounce from lower ascending trendline.
4) Support zone at 1.16169
5) Bullish divergence on RSI
Bearish Indicators:
1) Upper ascending trendline
2) Resistance zone at 1.16713
Plan A: Currently taking support from lower ascending trendline one can buy from here for the target of 1.16713
Plan B: On the breaking of lower ascending trendline one can take a short position for the target of 1.5243.
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.
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.