The pair is in a falling channel coming it monthly support that I believe will hold. There two scenarios I am looking for:
1. Break of the channel to the upside and a retest to get long.
2. The monthly support is broken and buyers soak up the price forming a pin bar/hammer. 1.75 is a nice hard number to see this happen at.
Happy trading...
1. Break of the channel to the upside and a retest to get long.
2. The monthly support is broken and buyers soak up the price forming a pin bar/hammer. 1.75 is a nice hard number to see this happen at.
Happy trading...
Commentaire:
Channel is broken, waiting for this 4 hour bar to close as a pin bar.
Transaction en cours
Commentaire:
In the money now. The pin bar formed right on the channel, followed by a nice strong buy candle. The 20ema is pointed upward now.