EU
Reasons to go long
Monthly: price still has not broken previous HL
and is still in a strong bullish trend buyers have
stepped back in the market pushing price higher
Weekly: Last weeks candle stick closed as a strong
bullish engulfing,engulfing the previous week
closing above the 21SMA and also a key level
@1.80000
Daily: Price has been on a big bullish push
waiting for a retracement
H4: Price seems to have found a level of support
at 1.18750 and has a bullish reaction to it as long as price does not break that level will
continue to look for longs
I know where my targets are for the week
just a matter of scaling In n out of positions
to take advantage of the overall move
Things I dont like:
Price on the daily tf still has not broken
structure all it could be is a retracement
currently at a 0.764 on fibs and 20SMA being
respected as a form of resistance
Reasons to go long
Monthly: price still has not broken previous HL
and is still in a strong bullish trend buyers have
stepped back in the market pushing price higher
Weekly: Last weeks candle stick closed as a strong
bullish engulfing,engulfing the previous week
closing above the 21SMA and also a key level
@1.80000
Daily: Price has been on a big bullish push
waiting for a retracement
H4: Price seems to have found a level of support
at 1.18750 and has a bullish reaction to it as long as price does not break that level will
continue to look for longs
I know where my targets are for the week
just a matter of scaling In n out of positions
to take advantage of the overall move
Things I dont like:
Price on the daily tf still has not broken
structure all it could be is a retracement
currently at a 0.764 on fibs and 20SMA being
respected as a form of resistance