The market is in an up trend as we can spot it by looking from left to right. In order,to get long we need to consider other trend confirmation indicators.
-As we can see the the 100 EMA went above the 200 EMA which indicates a very strong bias that the market is more likely into continue trending up.
-The Indicator that confirms up trend, is the trend line that shows that the market has been making, Higher highs which is a basic way to predict future market movement.
-The other tool indicating a strong market reversal is the 1.618 at the 1.7121 zone, which is a zone where the market has respected a couple of times before.
Expect to Buy at the 1.7124
Stop loss at the 1.6950
Target 1 at the 1.7493 resistance zone
Target 2 at the 1.1.7826 resistance zone
-As we can see the the 100 EMA went above the 200 EMA which indicates a very strong bias that the market is more likely into continue trending up.
-The Indicator that confirms up trend, is the trend line that shows that the market has been making, Higher highs which is a basic way to predict future market movement.
-The other tool indicating a strong market reversal is the 1.618 at the 1.7121 zone, which is a zone where the market has respected a couple of times before.
Expect to Buy at the 1.7124
Stop loss at the 1.6950
Target 1 at the 1.7493 resistance zone
Target 2 at the 1.1.7826 resistance zone