The pair is facing a critical TL..Never closed above it...In case of having a close and using a 3? days filter, we may a have significant target as shown in the chart..Naturally - as always - we have two scenarios...The limits are crystal clear..
Analysing the daily frame, we can undestand prices are following the red channel..Also there is a totally symmetry on the move..Its easy to see it...
I think, if we have a break, that the zone is perfect of sell mode..Then retest
of the triangle and afterwards the usual stuff...
However the border - for the above scenario- is the downside TL of the channel...
You dont need to be a rocket scientist in order to understand we are in bull mode on hourly..So our plan is to rebuy in retracements. I think that the first zone has good probalities for business..The second has already played..
So less chances..
Thats it...Enjoy your Sunday..
Trade well adn Stay safe!!
THEHAWK
1 comment:
In trading, I tried to read few articles and books that could help.
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