👩🏽💻Technical: The price is currently on a higher time frame pullback, and the daily chart is forming a strong bullish engulfing candlestick, attempting to break MAs. The price has a strong psychological zone @1.95000.
🎯 For an ideal entry: To confirm the bullish bias and potentially target the 4-hour previous high, wait for the 4-hour candlestick to fully close above MA 20. Otherwise, no break - no entry.
🎯 For an ideal entry: To confirm the bullish bias and potentially target the 4-hour previous high, wait for the 4-hour candlestick to fully close above MA 20. Otherwise, no break - no entry.
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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.