Possible long opportunity on this pair. 3 reasons:
1) Price seem to be losing momentum heading downside as can be seem from previous candles where open and close prices range no more than 20 pips
2) Price is at a major Daily support level
3) H1 chart shows bullish divergence on RSI 14
1) Price seem to be losing momentum heading downside as can be seem from previous candles where open and close prices range no more than 20 pips
2) Price is at a major Daily support level
3) H1 chart shows bullish divergence on RSI 14
Comment:
Daily chart:
Comment:
H1 chart: Look for a clean break out upwards before going long
Trade active:
Broke out of wedge, looking for upside target of 113.70
Trade closed: target reached:
First target hit with +50 pips. Remaining positions closed with +15 pips.