Hi,
In my point of view, this pair has more upside potential. It has been moving sideways for a while ( within a strong uptrend ), which means the buyers are strong and the price is not willing to fall much further.
We can see ,from the H4 chart, HL sequence. Now, I am using the last upside breach as a support. I can see strong buy going through the recent sell. I don't like the current price though.
I am waiting a discount before I go long on this or I will let it go.
First target around the recent high - R:R - 1:1 and possible trend continuation.
Good luck :)
In my point of view, this pair has more upside potential. It has been moving sideways for a while ( within a strong uptrend ), which means the buyers are strong and the price is not willing to fall much further.
We can see ,from the H4 chart, HL sequence. Now, I am using the last upside breach as a support. I can see strong buy going through the recent sell. I don't like the current price though.
I am waiting a discount before I go long on this or I will let it go.
First target around the recent high - R:R - 1:1 and possible trend continuation.
Good luck :)
Note
We missed the train here.
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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.