The pair hit the trendline and it shows some buying strengh. Only go long IF the 1h candle closes above the others, Always wait for confirmation! It's a huge reward with low risk trade. 1 risk to 5/6 reward
If it doesn't close above, we can discard the trade idea until it hit the second trend line (the one on the below)
If it doesn't close above, we can discard the trade idea until it hit the second trend line (the one on the below)
Comment:
since it broke the trendline we now have to wait for more confluences in the next trendline. I'll update as soon has the market shows more clues about the direction.
Order cancelled