Hi Folks:
Here's an updated idea on this pair. We are currently sitting in a nice support are by a long term ascending channel and some other descending channels so I think it is interesting to try some longs at this level but always taking into consideration the bearish possibilities to make sure we do not blow up our account.
I am proposing this idea to open longs to the next resistance level as per the chart assuming that we will hit and break out the channel after 7 red weekly candles in a row.
If we break the green ascending channel we will need to reevaluate the whole situation.
Cheers
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Remember, if you liked this idea don't forget to click LIKE and FOLLOW. That will encourage me to continue charting for you.
Here's an updated idea on this pair. We are currently sitting in a nice support are by a long term ascending channel and some other descending channels so I think it is interesting to try some longs at this level but always taking into consideration the bearish possibilities to make sure we do not blow up our account.
I am proposing this idea to open longs to the next resistance level as per the chart assuming that we will hit and break out the channel after 7 red weekly candles in a row.
If we break the green ascending channel we will need to reevaluate the whole situation.
Cheers
-------------------------------------------------
Remember, if you liked this idea don't forget to click LIKE and FOLLOW. That will encourage me to continue charting for you.
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.