Bullish indications: Pair is in bullish trend making higher high higher lows, and respecting MA 20 in day time frame , made a inverted hammer in 4 hr time frame , Inverted head and shoulder and hammer Ma 21 respected,
in 1 hr -Bullish pennant broke out and again MA 20 respected which indicates bullish momentum in the is pair . Hence going long
Trade plan bias long @ 1.4385
SL:1.4370
TP1:1.44000
TP2:1.4414
SL:
Bearish : Made double top in day time frame with bearish engulfer candle and also bearish divergence.
in 1 hr -Bullish pennant broke out and again MA 20 respected which indicates bullish momentum in the is pair . Hence going long
Trade plan bias long @ 1.4385
SL:1.4370
TP1:1.44000
TP2:1.4414
SL:
Bearish : Made double top in day time frame with bearish engulfer candle and also bearish divergence.
Trade closed: target reached
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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.