MARKET ANALYSIS: The pair has been trading inside a ascending triangle and has reached the channel support now. After the fake-out now the market has come back inside the channel support. Now this is a possible sign for the market to turn bullish. Now there is a mid level resistance. Once it breaks it will reach the channel resistance. So lets wait and see what...
market analysis: The pair is now trading inside a descending channel and is now reached the channel support followed by a huge bullish engulfing candle. If the support holds on we can expect a moment to the channel resistance. Long term scenario: The market is trading inside a huge descending triangle. It has reached the resistance. If the resistance holds on...
MARKET ANALYSIS: As we can see from the current market scenario the pair has broken a long consolidation which was lasting for the past 30 months has been broken. Now the market is moving towards the next possible supply which is accompanied by a a long term descending channel resistance. As we can see from the 4hr chart the market is making a good higher high...
MARKET ANALYSIS: The pair is now trading inside a descending channel. As of now the current scenario shows that the market tends to reach the channel resistance. So once we reach the resistance and the candle gives us a better confirmation for shorting, We can go for sell trade setup. So lets wait and see what the market does in the coming days. Cheers!