Monthly targets at 2.0350 have not yet been met.
Price has shown signs of bullish momentum on the monthly. February monthly closure was very bullish and engulfed January's candlestick, showing that price is due for a bullish move.
On the weekly timeframe, we see that price collected buy orders twice at 1.9650 and then we have seen a lot of bullish momentum the past two weeks.
Price broke above 2.0250 and hence we know that price is due to move upwards.
Price usually moves the opposite direction once a new candlestick forms.
So before I buy the pair, I will wait for price to retrace and collect orders before I buy the pair.
Price has not formed a bullish confirmation yet, hence I will wait for the confirmation before I act on it.
Right now I am sitting on my hands
Price has shown signs of bullish momentum on the monthly. February monthly closure was very bullish and engulfed January's candlestick, showing that price is due for a bullish move.
On the weekly timeframe, we see that price collected buy orders twice at 1.9650 and then we have seen a lot of bullish momentum the past two weeks.
Price broke above 2.0250 and hence we know that price is due to move upwards.
Price usually moves the opposite direction once a new candlestick forms.
So before I buy the pair, I will wait for price to retrace and collect orders before I buy the pair.
Price has not formed a bullish confirmation yet, hence I will wait for the confirmation before I act on it.
Right now I am sitting on my hands
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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.