Pair has been in a 1H range for a while
Price at bottom of range
Wicks at bottom of range shows no sellers
If price reverses it can rise to 50 sma and pause
Price could consolidate there or break above 100 sma
Price could then rise to top of range.
Price at bottom of range
Wicks at bottom of range shows no sellers
If price reverses it can rise to 50 sma and pause
Price could consolidate there or break above 100 sma
Price could then rise to top of range.
Note
15m/1H dual chart helps to follow priceNote
sorry 1H - 15mNote
On our 15m chart we have either a bearish flag or an ascending channelNote
1st take profit hitNote
Price fell back into ascending channelPrice now has broken above channel
Price has entered 2nd long trade
Note
Hit top of range take profitNote
Bounce of top of range short tradeNote
Bullish breakout of range topNote
Price took out take profit at -61.8% fib like a freight train
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.