Hitto_lupa

USDILS, A generalized overview

Long
Hitto_lupa Updated   
FOREXCOM:USDILS   U.S. Dollar / Israeli Shekel
Historical view:
USDILS has formed Three Rising Valleys, which is a bullish pattern reversal, but, a Falling Wedge that arose in the scene made that pattern invalid, so, the good news was that the Falling Wedge is also a bullish pattern reversal, and that time it didn't invalidate and the arising confirmed. after the rising that followed the Falling Wedge pattern, a Rectangle Top appeared on the scene, which is a bearish pattern reversal, the pattern was also valid and dropping confirmed, that what connects us to the scene of PRESENT.

Present view:
USDILS Has formed an Eve Bottom pattern, which is a bullish reversal, it is expected because of that, that the uptrend will continue.

NOTE: Always DYOR, stay cautious to place STOP LOSSes and trade your own personality
Trade active:
The target is reached but the next resistance is waiting to be kicked out.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.