Good afternoon all, I am currently long on this currency pair as I see going up towards the previous resistance level set on the 1st of May.
Reasons to consider buying:
1. Price is currently above the 50 MA
2. Price broke through the Resistance level and came back to re test possibly turning it into a new support.
3. Did price form a bullish flag?
Always do your own analysis before opening any trades and be sure of using proper risk management.
Reasons to consider buying:
1. Price is currently above the 50 MA
2. Price broke through the Resistance level and came back to re test possibly turning it into a new support.
3. Did price form a bullish flag?
Always do your own analysis before opening any trades and be sure of using proper risk management.