Currently I see that this pair has a little bit room down left for the completion of the falling wedge. Also we have a BIG weekly bullflag. I don't see any divergence on weekly for reversal confirmation so I will wait patiently for this one.
Actually there IS bullish divergence on the monthly.
Here is the daily chart which shows why I don't want to long here this early. It has broken out of the rising wedge, which also could be seen as a bearflag.
Said this all my long is pending at 0.735 with a SL at 0.72 for at least the completion of the inversed head and shoulders at 0.9 area.
Comments
moneymaking
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The bottom is definitely coming on this pair. It would be a really long term buy opportunity. All the BEST mate :)
ElPatron.Y
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Thanks moneymaking
PriceActionTrading
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Quite hard to enter long with the hard selling. But very good profits if it does happen...
ElPatron.Y
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I'm not longin yet, i wait for the wedge to be touched.
ElPatron.Y
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95 views, 5 likes for an idea like this? Hmm.. Maybe i should stop posting.
G_Man
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long is coming soon™
Justiceisfalse
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That head is coming in nicely.
ElPatron.Y
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UPDATE, we are seeing support here on channel. First we saw a daily hammer, followed by a HIGH SPIN doji and then again an INVERTED HAMMER. Pricaction will tell us the direction from here.