Possible long opportunity on this pair. 3 reasons:
1) Price seem to be losing momentum heading downside as can be seem from previous candles where open and close prices range no more than 20 pips
2) Price is at a major Daily support level
3) H1 chart shows bullish divergence on RSI 14
1) Price seem to be losing momentum heading downside as can be seem from previous candles where open and close prices range no more than 20 pips
2) Price is at a major Daily support level
3) H1 chart shows bullish divergence on RSI 14
Comentário:
Daily chart:
Comentário:
H1 chart: Look for a clean break out upwards before going long
Trade ativo:
Broke out of wedge, looking for upside target of 113.70
Trade fechado: objetivo atingido:
First target hit with +50 pips. Remaining positions closed with +15 pips.