Strong bullish wave ended at level 1.6288 then correction occurred at 61.8% Fibonacci level at 1.6088 forming cup and handle pattern
Price respected this key level several times
MACD shows bullish momentum
RSI broke downtrend
We r waiting that price break downtrendline and exceed the coming resistance level at 1.6175 for going long trade
In that case price will be above HVN which indicates that the accumulation phase has ended and the pair will start strong bullish wave
First target will be at the supply zone near level 1.6288
then second target will be towards key level 1.6425
Price respected this key level several times
MACD shows bullish momentum
RSI broke downtrend
We r waiting that price break downtrendline and exceed the coming resistance level at 1.6175 for going long trade
In that case price will be above HVN which indicates that the accumulation phase has ended and the pair will start strong bullish wave
First target will be at the supply zone near level 1.6288
then second target will be towards key level 1.6425
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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.