Bulls
1)HH and HL
2)Bullish Engulfing candle
3)Horizontal support at 2.207
4)ABCD Reversal pattern
5)Price breakout from the falling resistance level
Bears
1)falling resistance
Trade Plan 1:taking a long trade as price has broken from the resistance level
Trade Plan 2:
Will take a short trade if price breaks out from the Horizontal support level
1)HH and HL
2)Bullish Engulfing candle
3)Horizontal support at 2.207
4)ABCD Reversal pattern
5)Price breakout from the falling resistance level
Bears
1)falling resistance
Trade Plan 1:taking a long trade as price has broken from the resistance level
Trade Plan 2:
Will take a short trade if price breaks out from the Horizontal support level
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.