-The pair has been going down for the past 28 days without major pull-backs(as indicated by the by the Black arrow)
-The 100 EMA crossed below the 200 EMA which is a a strong indication that the market will be a down-trend for a long time.
- In order to get into a trend continuation trade, you will have to wait for the market to retrace back to the 0.6835...
The market is in an up trend as we can spot it by looking from left to right. In order,to get long we need to consider other trend confirmation indicators.
-As we can see the the 100 EMA went above the 200 EMA which indicates a very strong bias that the market is more likely into continue trending up.
-The Indicator that confirms up trend, is the trend line that...
TARGETS 1 HAS TO BE AT PREVIOUS SMALL RESISTANCE
TARGET 2 AT MAJOR RESISTANCE ON HIGHER TIME TO COMPLETE TH FULL BULLISH MOVEMENT
Stops have to be below the support level
