Bears are rejected on both [Our resistance zone & the descending channel down bound],
Daily candlestick close above[Our resistance zone & the descending channel down bound].
Buy :
Wait Pullback confirmatio,
Wait for a rejection candle pattern to form e.g. bullish engulfing , pinbar , Insidebar etc,
Initiate BUY order,
Targets next resistance zone [~1.38],
SL under our resistance zone [~1.366],
/!\** Disclaimer**/!\ The scenarios described in this analysis are subject to change at any time without prior notification. This analysis is provided as a decision support.
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A bearish engulfing pattern has emerged at the bearish bat pattern potential reversal zone. ***This idea is only for educational purpose. Not a financial advice*** ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~