as shown on the chart, downtrend sell the pullback
Retrace to prev resistant , we can take long trade on this pair
Opportunity to buy from previous resistant act as support now.
If price back to local demand on 1 Hr (green zone) and bullish candle appear, I plan to buy this pair
FIBO Says that this pair reach the extension and at important level on weekly. watch closely for retest on hourly at the top for possible decisive bearish. Price is currently channeling at possible top which is one good sign.
I missed the short train, but I think that fresh demand zone has order lining up for the bull . And that would confirm longer term bullish on this pair. So, stay cool and just patiently waiting
If price able to retrace to the buy level, I will buy this pair toward extension 1.272. If price just continue toward 1.272 then have to wait for different retracement scenario. Let see if market play the scenario
The past resistant act as support and the bull candle give me the long bias
Watch the zone highlighted and let see what happen
Look left and see what happen before, will that repeated again?
Look left and see if this fresh?
Some confluences: 1. Strong structure which has been a reaction zone 2. Break and retest of trendline 3.Retracement of 618 from the bull move To trade this, put buy stop above the uturn which should confirm the bullish continuation
The first bear leg completed, the higher the pullback the better for shorting
After a violent move down, I expect correction, wait for the break of the tight channel as confirmation and let price retrace for entry. Target price should be 1.70000
Beautiful flag is forming , if price able to break the flag, we should be in a nice ABCD trade. so watch upside