after forming a bearish flag, the pair could BO downward. However, we could only go as low as 111.60 as we are near a strong zone (blue shade) and a long term TL (green thick line).
a long order can be placed after forming a double bottom at 111.10 and respecting lower TL.
a long order can be placed after forming a double bottom at 111.10 and respecting lower TL.
Comment:
still inside the flag. no crossing so far
Comment:
BO, testing the flag from below the TL
Comment:
BO failed after trying to test the flag. now the pair is back in the flag. going to test 113.30, upper flag and long term median line.
Trade closed: target reached