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
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.