Intraday
Overall trend, uptrend
- M15 price broke off from falling wedge pattern (formed inside H4 channel & H1 bullish flag) and then the wedge. Price currently trading at key level.
- H1 bullish flag pattern broken upward then price formed a resistance level and currently trading at support. Bullish harami candle stick formed.
- H4 ascending channel, price...
With symmtrical triangle being unbiased we will wait for the price to breakout and cross our key levels (resistance and support), then wait for the price to pullback and test our key levels then after the pullback we will have our bias direction of the market. Wait for a pullback or retracement to confirm the market direction then you can place your order.
Use...
Daily impulsive wave formation completed and possible corrective wave (ABC) formation in progress, also the candle broke the daily trendline and closed belowe it. We can take advantage of bullish direction and look for long signals. However the above scenario will be confirmed if only a bulish harami candle has been confirmed!!
"Dollar drops as inflation below economists expectations". The base currency is stronger compared to its competitor (quote USD), therefore we can expect to see a more bullish market than a bearish one.