Over the past few weeks this currency pair kept trading higher and has currently reached a significant resistance zone. Observing the price action within the previous trading days, it's safe to take a short entry with your exit level at the horizontal lines drawn on the chart. For more signals and analysis, visit our Instagram page @ivytrades.
We can see a Bearish engulfing candle in the four hour chart. It's safe to go in short as this candle pattern was formed on a key S/R zone. Expect to take profit at a level that is double the range of the engulfing candlestick. For more analysis, visit our Instagram Page @ivytardes
Seller have taken over this pair, in long term we'd experience more downward push. It's going to be safe to take a short position with an exit at
the horizontal lines placed on the chart. For more analysis check us out on Instagram: @ivytrades
This pair has traded bullish in recent weeks and has reached a key resistance zone. With bearish candle prints in that zone we'd see more bearish pressure.
With the continuous down push in the currency pair over recent weeks, we finally observed some bullish pressure as the downward pressure got exhausted on reaching a key support zone. We can see from the chart that the bullish pressure resulted in the recent trend-line break, thus suggesting more bullish momentum.
