Don't often look at this pair so I could be missing some fundamentals, however, seems to be forming a bullish candlestick, awaiting daily closure to see if morning star forms. Respecting the support line we could see this pair move to the upside. Across the moving average and create a new higher high, again respecting the resistance line. Entry around 0.6052 would be ok following the daily closure, look for TP target of 0.6150.
Let me know what you think!
(Trading on demo at the moment.)
Let me know what you think!
(Trading on demo at the moment.)
Comment:
Could possibly see double doji before move to the upside rather than morning star.
Order cancelled:
Original idea no longer valid, upon previous analysis looks as though we may see a move to the downside, currently respecting previous support found at this price level. I wont be entering a long, may look to go short and hold for a couple of days.