As we see, pair has broken the bearish trend/correction the last week. Now, the price is doing a pullback till the line of the breakout. We can project two possible movements:
First, a new impulse in low frames(30 min-1H) of 200 pips aprox.
Second, a big bullish rally of 700 pips aprox.
Before of that, we have to see a breakout of the correction to open a long position.
First, a new impulse in low frames(30 min-1H) of 200 pips aprox.
Second, a big bullish rally of 700 pips aprox.
Before of that, we have to see a breakout of the correction to open a long position.
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.
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.