1.257 is a major level on the (check the left weekly chart).
On the 4H (right chart) we see a classic reversal pattern: divergence, break of the moving average and higher lows.
If the moving averge holds, we can expect further bullishess. A break of the moving average would cancle the trade idea.
The scenario on the Dollar Index supports the scenario.
On the 4H (right chart) we see a classic reversal pattern: divergence, break of the moving average and higher lows.
If the moving averge holds, we can expect further bullishess. A break of the moving average would cancle the trade idea.
The scenario on the Dollar Index supports the scenario.
I have been trading for 15 years!
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> Trend Rider indicator: tradeciety.com/trend-rider-indicator/
> Free weekly trading webinar: www.tradeciety.com/webinar/
> Free blog: www.tradeciety.com/blog
