Weekly Chart:
Bullish candle broke the down-trend line since Jan. 2018
Daily Chart:
Friday closed with a bullish engulfing candle
Watch out:
1. Downtrend is still intact
2. First resistance might be around zone 0.724
3. Second resistance might be around zone 0.733
4. Price might go back to retest zone 0.713-0.716
5. Strongest resistance will be long term down trend since Apr. 2013
Action:
Join the Bulls (Going long here still consider counter trend)
Stop Loss:
Always set your SL
Bullish candle broke the down-trend line since Jan. 2018
Daily Chart:
Friday closed with a bullish engulfing candle
Watch out:
1. Downtrend is still intact
2. First resistance might be around zone 0.724
3. Second resistance might be around zone 0.733
4. Price might go back to retest zone 0.713-0.716
5. Strongest resistance will be long term down trend since Apr. 2013
Action:
Join the Bulls (Going long here still consider counter trend)
Stop Loss:
Always set your SL
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.