A few qualifications for this trade are...
•Falling Wedge Pattern
•“Hidden” Divergence on the MACD.
If we start trading back above 1.0900 and the pivot zone, a target of 1.1150 (Median level) wouldn’t be unreasonable.
I'm going to keep an eye on long positions and see if we can begin trading higher.
•Falling Wedge Pattern
•“Hidden” Divergence on the MACD.
If we start trading back above 1.0900 and the pivot zone, a target of 1.1150 (Median level) wouldn’t be unreasonable.
I'm going to keep an eye on long positions and see if we can begin trading higher.
•NYC Trader since 2008
•Need Help Trading? internaltrader.com/helptrading
•Need Help Trading? internaltrader.com/helptrading
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.
•NYC Trader since 2008
•Need Help Trading? internaltrader.com/helptrading
•Need Help Trading? internaltrader.com/helptrading
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.