Weekly chart – bullish
Daily chart – bullish
H4 chart – bullish (was in consolidation between 172.70 and 173.50 but broke out to the upside).
The structure of this pair has resumed the bullish nature (HL and HH) and for the most part the 20sma has been holding price above it. A pullback would be nice and provide a good location to take a long. However, if a strong move to the down side forms, that would negate my analysis.
My initial target would be in the 175.00 region with the possibility to let some part of the trade run higher.
This is not a trade recommendation. You should be aware that trading carries a high level of risk, so only trade with money you can afford to lose. Please use sound money and risk management, trading without a stop or moving the stop away from price is a recipe for disaster.
If you like my idea, please give a “boost” and follow me to get even more.
Please comment and share your thoughts too!!
It’s not whether you are right or wrong, but how much money you make when you are right and how much you lose when you are wrong – George Soros
Daily chart – bullish
H4 chart – bullish (was in consolidation between 172.70 and 173.50 but broke out to the upside).
The structure of this pair has resumed the bullish nature (HL and HH) and for the most part the 20sma has been holding price above it. A pullback would be nice and provide a good location to take a long. However, if a strong move to the down side forms, that would negate my analysis.
My initial target would be in the 175.00 region with the possibility to let some part of the trade run higher.
This is not a trade recommendation. You should be aware that trading carries a high level of risk, so only trade with money you can afford to lose. Please use sound money and risk management, trading without a stop or moving the stop away from price is a recipe for disaster.
If you like my idea, please give a “boost” and follow me to get even more.
Please comment and share your thoughts too!!
It’s not whether you are right or wrong, but how much money you make when you are right and how much you lose when you are wrong – George Soros
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.