Bulls seems in control at this time frame. Also we can see a bullish momentum in the coming months as the pair is at its two times respected monthly support. But for now follow the trade plan as mentioned on the chart.
Happy trading.
Entry: 1.20235
SL: 1.19503
TP1: 1.21590
TP2: 1.22790
Bulls Points:
1. Support Respected at 1.20038
2. Also Fib Support 0.5 Respected
3. Bearish Trendline resistance now act as support Also respected
4. Testing MA100 Support
5. Inverse Head & Shoulder pattern in completion
Bears Points:
1. LHLL
Happy trading.
Entry: 1.20235
SL: 1.19503
TP1: 1.21590
TP2: 1.22790
Bulls Points:
1. Support Respected at 1.20038
2. Also Fib Support 0.5 Respected
3. Bearish Trendline resistance now act as support Also respected
4. Testing MA100 Support
5. Inverse Head & Shoulder pattern in completion
Bears Points:
1. LHLL
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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.