-So technically we are in an uptrend. Dont get me wrong, after yes terdays price closed bearish, there is a high chance it could continue south.
-But look at the current situation here. Price dropped to 1.08650 area and found support there. It could be the support is strong enough.
-A few minutes later we see price going up again and dropping to find another support a few pips above the zone as though it is a retest. We all know what this means.
-If we take a buy at this point and a stop below the 1.08650 area, we could be in for some good profits. Lets see how it goes.
-But look at the current situation here. Price dropped to 1.08650 area and found support there. It could be the support is strong enough.
-A few minutes later we see price going up again and dropping to find another support a few pips above the zone as though it is a retest. We all know what this means.
-If we take a buy at this point and a stop below the 1.08650 area, we could be in for some good profits. Lets see how it goes.
Comment:
4H also closed bullish and with a bigger range than the previous bearish candle.
Good luck
4H also closed bullish and with a bigger range than the previous bearish candle.
Good luck
Comment:
Take profit hit at 1.09940
More confirms as we look to fill the wick left by the 2H candle