Overview:
Price is currently around the EMA's so there isn't much indication of where price is heading. Until price gives us some direction to where it is heading we are going to be patient and wait for the confluences to enter.
Long Setup:
If price is able to break above the resistance level and past the downwards trendline then on a retest of this level for support there would be some good entries for long positions but first we need to wait for price to give us the signals to enter
Short Setup:
If price is able to push below and break our area of support then on a retest of that support level for resistance then there would be some good entries for short positions but again we need to wait for price to gibe us a signal to enter
Disclaimer:
This is my opinion on this asset at the time. This is not financial advise. Don't take this trade blindly, do your own analysis first before entering. Feel free to use this analysis to assist you with yours. Feel free to leave any comments you have. Good luck!!!
Price is currently around the EMA's so there isn't much indication of where price is heading. Until price gives us some direction to where it is heading we are going to be patient and wait for the confluences to enter.
Long Setup:
If price is able to break above the resistance level and past the downwards trendline then on a retest of this level for support there would be some good entries for long positions but first we need to wait for price to give us the signals to enter
Short Setup:
If price is able to push below and break our area of support then on a retest of that support level for resistance then there would be some good entries for short positions but again we need to wait for price to gibe us a signal to enter
Disclaimer:
This is my opinion on this asset at the time. This is not financial advise. Don't take this trade blindly, do your own analysis first before entering. Feel free to use this analysis to assist you with yours. Feel free to leave any comments you have. Good luck!!!