After the Brobdingnagian and king-sized bull run, an ascending channel started to form on this pair.
Now price has broken below and we might see some sell side opportunity.
But when is it right to sell???
-- We need to see price pull back to form a lower high around the 1.24 area. We can take sells to the daily support of 1.20
So the entry woulde be around 1.24
Stop Loss around 1.22850
Targets around 1.20
- We are not ruling out the fact that the 200 ema is still supporting this uptrend on H4 and price could continue trending up from here.
So, we need not rush sells until we see these confirmations.
Give a like, and drop a comment about thoughts on this pair. Follow us to see more premium ideas.
Now price has broken below and we might see some sell side opportunity.
But when is it right to sell???
-- We need to see price pull back to form a lower high around the 1.24 area. We can take sells to the daily support of 1.20
So the entry woulde be around 1.24
Stop Loss around 1.22850
Targets around 1.20
- We are not ruling out the fact that the 200 ema is still supporting this uptrend on H4 and price could continue trending up from here.
So, we need not rush sells until we see these confirmations.
Give a like, and drop a comment about thoughts on this pair. Follow us to see more premium ideas.
Note
It moves just as expected.
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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.