Potential long off confluence of the following:
1. 2014/2015 strong resistance now support
2. Lower trend line of descending daily wedge
3. Most recent range was approximately 800 pips. It broke out of that range
on 2/22/16 and fell another 800 pips this week, completing the breakout pattern
very close to today's low
It should also be noted that the gap from 2/21/16 never closed which is around 2.15000
Long bias with a stop just below 2.06000 and a limit ~ 2.15000
1. 2014/2015 strong resistance now support
2. Lower trend line of descending daily wedge
3. Most recent range was approximately 800 pips. It broke out of that range
on 2/22/16 and fell another 800 pips this week, completing the breakout pattern
very close to today's low
It should also be noted that the gap from 2/21/16 never closed which is around 2.15000
Long bias with a stop just below 2.06000 and a limit ~ 2.15000
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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.