SUPPORT line. BOUNCE or further down?
تم تحديثه
Hi Folks:
Here's my view for this pair. At the moment of writing we are currently sitting on the black support line (previous low) and we could bounce from current levels BUT it doesn't look really powerful to bounce if you check the previous daily candles and their rejections from the top.
Failing to bounce will lead the price to the orange area at 1.03 and below.
My idea is to give it a try and hedge more or less as per the chart and unhedge again at the orange are with some additional longs there.
Don't go ALL IN, just split your stakes and consider all these scenarios.
Cheers
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Here's my view for this pair. At the moment of writing we are currently sitting on the black support line (previous low) and we could bounce from current levels BUT it doesn't look really powerful to bounce if you check the previous daily candles and their rejections from the top.
Failing to bounce will lead the price to the orange area at 1.03 and below.
My idea is to give it a try and hedge more or less as per the chart and unhedge again at the orange are with some additional longs there.
Don't go ALL IN, just split your stakes and consider all these scenarios.
Cheers
-------------------------------------------------
Remember, if you liked this idea don't forget to click LIKE and FOLLOW. That will encourage me to continue charting for you.
تم فتح الصفقة
It bounced at the next support and almost hit the support trendline. It is not looking good for bulls yet, so probably will trigger my SL (partial hedge, sell positions) to cover the longs.Looks like it will go to 1.03.
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