Hello everyone!
This is my analysis on this pair. As you can see we had a very huge impulsive move to the upside, we then found Resistance on a Daily Level. After rejecting we then created a pattern that I'm sure you are familiar with, the Falling Wedge. This is a Bullish Pattern. We have also reached a very important level on the trend line, so we are expecting a bounce up breaking above the top of the wedge.
As of now my best suggestion is to wait on price action movements, wait for a breakout, and a re-test of the breakout, and enter the market if we get a good entry reason.
*friendly reminder not to trade this analysis blindly*
Trade GREEN/BLUE!
Let me know your thoughts on this pair down on the comments!
Also you could comment any pair you like, and I will do an analysis on that pair so we could talk! ;)
This is my analysis on this pair. As you can see we had a very huge impulsive move to the upside, we then found Resistance on a Daily Level. After rejecting we then created a pattern that I'm sure you are familiar with, the Falling Wedge. This is a Bullish Pattern. We have also reached a very important level on the trend line, so we are expecting a bounce up breaking above the top of the wedge.
As of now my best suggestion is to wait on price action movements, wait for a breakout, and a re-test of the breakout, and enter the market if we get a good entry reason.
*friendly reminder not to trade this analysis blindly*
Trade GREEN/BLUE!
Let me know your thoughts on this pair down on the comments!
Also you could comment any pair you like, and I will do an analysis on that pair so we could talk! ;)