One favourite currency to long for year 2020
This is it !
It has broken out nicely from the bearish trend line since 3 Dec with a nice pull back that offers buyers at a lower price at 0.67995. This of course is the 2nd buying opportunity after the breakout.
IF you based on price action, then you would notice that price has found support at 0.66979 region with a triple bottom support. That was the first buying opportunity!
Now, let's see if the price action would breakout of 0.69119 and if it does, we can expect it to go higher towards 0.70 price range.
Buy for the long term , get in now and ride the trend, basically, hold for longer term, like 6 months and more. This way, you reduce commission from going in and out and have one less currency to look at.
May God bless us all in our trading !
It has broken out nicely from the bearish trend line since 3 Dec with a nice pull back that offers buyers at a lower price at 0.67995. This of course is the 2nd buying opportunity after the breakout.
IF you based on price action, then you would notice that price has found support at 0.66979 region with a triple bottom support. That was the first buying opportunity!
Now, let's see if the price action would breakout of 0.69119 and if it does, we can expect it to go higher towards 0.70 price range.
Buy for the long term , get in now and ride the trend, basically, hold for longer term, like 6 months and more. This way, you reduce commission from going in and out and have one less currency to look at.
May God bless us all in our trading !
Comment:
Praise Lord. Price has closed above the resistance line at 0.69119 and those who wish to accumulate long can enter now.
Comment:
Praise the Lord for his blessings is with us in our journey.
It is when the trekkers are almost reaching the pinnacle of the mountain that they start to go easy and forget about the risks involved - thinner air, fatigue, the descent down, etc.
Take your profits if you will/must, whatever the reasons you need or don't need, adjust your SL and remain vigilant for the forthcoming weather forecast can be unpredictable.
It is when the trekkers are almost reaching the pinnacle of the mountain that they start to go easy and forget about the risks involved - thinner air, fatigue, the descent down, etc.
Take your profits if you will/must, whatever the reasons you need or don't need, adjust your SL and remain vigilant for the forthcoming weather forecast can be unpredictable.
Looking for next opportunity to buy again.