Short term long EOSUSD

11 พ.ย. 2018

Eos is forming a wedge indicated by the confluence of the ascending and descending slopes
Long at 5.39
with stop at 5.39
Take profit at 5.46

This could possibly become a larger trade depending on future price action

11 พ.ย. 2018

บันทึก

The descending centre line (red) is the focus of price action and oscillations from it are decreasing in amplitude. The last spike high on 7 November at 5.87 broke this trend.

11 พ.ย. 2018

บันทึก

Zoomed in to 1 minute;
I have cloned the ascending parallel lines to monitor the progress of the trade.
First target is around 5.41

The rejection from the descending red line can be clearly seen