Bullish Reversal. Hence, Go Long
Biased: Long
Bullish Indications:
-Higher highs and higher lows, Bullish Reversal
-Inverted Bullish Hammer
-Resistance at daily time frame of 1.89785 is tested
which got respect forming new R2 of1.91088
-Downward trendline broke
-Since 2012, bullish in April
-Bullish AB=CD, which projects Bullish reversal
-Parallel upward trendline is given respect
Bearish Indications:
-Evening Star at higher high
-evening star
-Support at daily time frame of 1.88109
Plan A:
Buy at 1.90290
SL: 1.88109
TP1: 1.92488
TP2: 1.94880
Plan B:
Buy at Resistance R2 1.91088
SL: 1.88109
TP1: 1.94089
TP2: 1.97089
Bullish Indications:
-Higher highs and higher lows, Bullish Reversal
-Inverted Bullish Hammer
-Resistance at daily time frame of 1.89785 is tested
which got respect forming new R2 of1.91088
-Downward trendline broke
-Since 2012, bullish in April
-Bullish AB=CD, which projects Bullish reversal
-Parallel upward trendline is given respect
Bearish Indications:
-Evening Star at higher high
-evening star
-Support at daily time frame of 1.88109
Plan A:
Buy at 1.90290
SL: 1.88109
TP1: 1.92488
TP2: 1.94880
Plan B:
Buy at Resistance R2 1.91088
SL: 1.88109
TP1: 1.94089
TP2: 1.97089
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