Hi dear traders .
As it is clear the price has just met its weekly support level ,so we expect a correction at least to 38% fibo .so recently price has shown a clear deceleration ,as a result the price has just broke above daily structure .so we will wait for the price to shift from bearish phase to bullish phase ,then we will take a nice long here on this pair with acceptable RR ratio .
Thanks for your time .
This is my point of view of current market , and you can analyze the chart before taking any action .
let me know your comment below and leave me a like if it was useful .
As it is clear the price has just met its weekly support level ,so we expect a correction at least to 38% fibo .so recently price has shown a clear deceleration ,as a result the price has just broke above daily structure .so we will wait for the price to shift from bearish phase to bullish phase ,then we will take a nice long here on this pair with acceptable RR ratio .
Thanks for your time .
This is my point of view of current market , and you can analyze the chart before taking any action .
let me know your comment below and leave me a like if it was useful .
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.