Short Term Bullish analysis. Go Long.
The following lines are:
Blue is 4 hours Support and Resistance
Red is daily Support and Resistance
At Resistance level 1 = 1.07470, it can be considered as significant level because more sellers are seen in this position it is also broke two times past couple of days.
Support Level broke at 1.7214
Stop Loss 1.07210
Buy at 1.07323
Buy observing the support and resistance one should take long position. But decision should be made when new high breaks R1 or resistance level 1.
Blue is 4 hours Support and Resistance
Red is daily Support and Resistance
At Resistance level 1 = 1.07470, it can be considered as significant level because more sellers are seen in this position it is also broke two times past couple of days.
Support Level broke at 1.7214
Stop Loss 1.07210
Buy at 1.07323
Buy observing the support and resistance one should take long position. But decision should be made when new high breaks R1 or resistance level 1.
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