looking at the weekly context, supports seem to be at lower prices on this pair, and the recent bullish sinewave pattern (not confirmed by momentum) may just be a trap for greedy bulls. This may be the sign of a range inside the bearish correction of this pair. Leading me to believe that we may expect some bearishness soon enough. I'm searching for signals to confirm this in this daily timeframe chart. Momentum is already saying OK, just need sinewave to confirm by a red triangle and I'll restore the leveraged positions on this market.
Hope this idea will inspire some of you !
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
That's the best way to support me and help pushing this content to other users.
Kindly,
Phil
Hope this idea will inspire some of you !
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
That's the best way to support me and help pushing this content to other users.
Kindly,
Phil
Daily Market Reviews (FR+ENG) : youtube.com/c/proindicatorsbundle
// Website : pro-indicators.com
// Discord : discord.gg/Agdf5rt
// Twitter (FR) : twitter.com/Phil_RX
// Telegram (ENG) : t.me/pro_indicators
// Website : pro-indicators.com
// Discord : discord.gg/Agdf5rt
// Twitter (FR) : twitter.com/Phil_RX
// Telegram (ENG) : t.me/pro_indicators