This pair is showing BULLISH trending patterns, however we may be in for a retracement to create a new LH before moving higher
After trading the breakdown of the recent Double Top formation (4H) from recent highs @1.29000, this pair finds itself at a Major Level of support (1.28000) which if broken, could see the pair return to 1.25850. Here the price will be entering the GOLDEN RATIO ZONE where if BULLISH P.A is observed we may be able to enter LONG and catch the C-D LEG to new highs
More aggresive traders can trade the down move into this area but I would wait for clearer indication we are infact ready for the retracement
After trading the breakdown of the recent Double Top formation (4H) from recent highs @1.29000, this pair finds itself at a Major Level of support (1.28000) which if broken, could see the pair return to 1.25850. Here the price will be entering the GOLDEN RATIO ZONE where if BULLISH P.A is observed we may be able to enter LONG and catch the C-D LEG to new highs
More aggresive traders can trade the down move into this area but I would wait for clearer indication we are infact ready for the retracement
Nota
Slowly working our way to ENTRYNota
Support found @ 1.27000Nota
Can we finally break out of the TL????
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.