Hi guys,
as you may know from my previous analysis on this pair, i've been looking at it for several days, as soon as we broke the level represented with a yellow box, that is our previous daily resistance. Once it's been broken, my bias has turned into bullish because i know that a break of structure to the upside can mean a trend continuation opportunity. I went on lower timeframes and here you can see that price has started to settle down at this level and formed a reversal pattern with RSI divergence and an engulfing candle on higher timeframe.
Long at market, stops and targets shown.
If you have any idea/comment, please share below.
Otherwise, see you in the next chart!
as you may know from my previous analysis on this pair, i've been looking at it for several days, as soon as we broke the level represented with a yellow box, that is our previous daily resistance. Once it's been broken, my bias has turned into bullish because i know that a break of structure to the upside can mean a trend continuation opportunity. I went on lower timeframes and here you can see that price has started to settle down at this level and formed a reversal pattern with RSI divergence and an engulfing candle on higher timeframe.
Long at market, stops and targets shown.
If you have any idea/comment, please share below.
Otherwise, see you in the next chart!