Price got hit hard and fell faster then when it went up last week! In my opinion that could mean that the bearish trend thats been going since Dec '18 could continue! Right now i'm looking for candle confirmation to enter long, if that doesn't happen and price keeps going down, i'll wait to see if price gets back inside the channel! A daily close below 0.6790 would be very nice to enter with sell positions! Before that happen, it's quite hard to figure out whats gonna happen! We have the descending trend line crossing with the new short term up-trend line and 0.6850 as an important resistance level if price can actually go below it! Right now its testing this same 0.6850 zone as support! Lets see what happens!
Whats your opinion on this pair?? By now, i've done some profits but i did lost some pips aswell! Would love to hear opinions about it! Leave a comment!! :D
Whats your opinion on this pair?? By now, i've done some profits but i did lost some pips aswell! Would love to hear opinions about it! Leave a comment!! :D
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So far price managed to stay above support ! A good green candle would be great to enter buy.. still waiting
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Scenario A running +40pips