mid march and mid april lows form a trendline that was tested but not pierced yesterday. market bounced back at this trendline. 4h timeframe shows some good candlestick signals as well. waiting for today's announcements to be over might be a good idea before investing. target at 103.5 ie the high of mid march. a stop at 101.1 seems like a good idea. It gives a riskreward ratio of 3:1. happy trading.
Comments
adityachhabra9999
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the price just tested the trendline support and failed. 1h timeframe shows a piercing pattern. another opportunity to go long. :)
adityachhabra9999
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also one can see short signals in eurusd and nzdusd thus giving some correlative confirmation