Hello, last move to the downside appears to be corrective. Right now price is reacting near the strong level 1.400
Other reasons for a long bias:
1) ema 55 as support
2) bullish hidden divergence
3) stochs oversold
4) engulfing bullish candle
5) near trendline support
I will enter long here with SL and targets shown on chart.
Best regards
*****************DISCLAMER********************************************************************
This is just and idea, not a recommendation to buy or sell. Always do your own analysis and plan before opening a trade.
Any respectful and constructive ideas are welcome (agree or disagree).
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Other reasons for a long bias:
1) ema 55 as support
2) bullish hidden divergence
3) stochs oversold
4) engulfing bullish candle
5) near trendline support
I will enter long here with SL and targets shown on chart.
Best regards
*****************DISCLAMER********************************************************************
This is just and idea, not a recommendation to buy or sell. Always do your own analysis and plan before opening a trade.
Any respectful and constructive ideas are welcome (agree or disagree).
If you like this idea do not forget to hit the LIKE button above.