the price has broken the channel for a while and moved in range.
with last day moves it seems now forming a bullish pattern and
getting ready to go upward.
it may have a short term move or become a trend. (we will see)
but for now if the trigger level broke price can test around 1.012
if you take any long position your stop loss would be below 0.995
also can move in range between 1 and 0.995 for more hours before
any bigger movement.
below 0.995 our next key level would be around 0.9863 , lets see
with last day moves it seems now forming a bullish pattern and
getting ready to go upward.
it may have a short term move or become a trend. (we will see)
but for now if the trigger level broke price can test around 1.012
if you take any long position your stop loss would be below 0.995
also can move in range between 1 and 0.995 for more hours before
any bigger movement.
below 0.995 our next key level would be around 0.9863 , lets see
Comment:
let's make it more clear setup:
the price has tested above the trigger level but couldn't hold it and right now has formed a local channel. we can expect bullish if this channel breaks upward.
if not the price can keep moving into the ranged area or even drop.
so you should consider new setup of entry and stop loss until the trend be more clear.
the price has tested above the trigger level but couldn't hold it and right now has formed a local channel. we can expect bullish if this channel breaks upward.
if not the price can keep moving into the ranged area or even drop.
so you should consider new setup of entry and stop loss until the trend be more clear.
but if the price loose our key level support can drop to 1696