Bullish Indicators:
1) Trading in Support zone
2) Bounce from the lower trendline
Bearish Indicators:
1) LH LL
2) Resistance area 1.7114
3) Currently trading in downward channel.
Plan A: On the bounce from the lower trendline one can buy for the target of 1.7114 or the upper trendline.
Plan B: Failure to take a support from here once can take a short position for the target of 1.4600
1) Trading in Support zone
2) Bounce from the lower trendline
Bearish Indicators:
1) LH LL
2) Resistance area 1.7114
3) Currently trading in downward channel.
Plan A: On the bounce from the lower trendline one can buy for the target of 1.7114 or the upper trendline.
Plan B: Failure to take a support from here once can take a short position for the target of 1.4600
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.