- As you can see on the chart price failed to break 1.92000 and big long engulfing bullish candle formed. - Also we can see that market logic is changed. - price still in consolidation even after retesting on 1.95000 multiple times. - So we can predict that price want to break 1.95000 and rise. - We should wait for a daily closure above 1.95000 for longing and below 1.92000 for shorting.
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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.