Upon the breaking of Daily Bearish Trend level on 28 June 2019, the price closed above and then retraced back to prepare it self starting a new Bullish Trend. A bullish channel also indicate the same On Daily Chart.
We have now two levels for the price to retrace @ 72.50 and @ 72.00. The price should respect these levels or the Channel for bullish confirmation.
If we check on H4, It tells us to wait for a while for a bullish move. We are still waiting for H4 confirmation near 72.50 / 72.00. A clear signal will be provided if it give us the confirmation on H4 chart.
Alternatively, If the daily candle close below 72.00 then Bullish scenario will not be validated. We could then see for sell trades.
We have now two levels for the price to retrace @ 72.50 and @ 72.00. The price should respect these levels or the Channel for bullish confirmation.
If we check on H4, It tells us to wait for a while for a bullish move. We are still waiting for H4 confirmation near 72.50 / 72.00. A clear signal will be provided if it give us the confirmation on H4 chart.
Alternatively, If the daily candle close below 72.00 then Bullish scenario will not be validated. We could then see for sell trades.
Comment:
The Price didn't retraced... We will wait for retracement.... Let the market come to come near to coast.
Comment:
The Price is heading to our zone for buy position.
Trade active:
entry @ 0.7255
SL 0.7225
TP 0.7330
SL 0.7225
TP 0.7330
Trade closed: stop reached
