strong chance of upward movement

I think breakout towards higher prices will happen strongly because of following evidences:
1- this pair is in a range for around a year.
2- we have a mini-trend-line showing an uptrend for 10 days.
3- we see a 10 days buildup just bellow the top of channel.
4- EMA20 is touching lows of buildup candles .

but note that: it is 1 year old range channel, it needs a strong and clear and complete breakout ....
personally ,I will be waiting for the 1st pullback and valid trigger to long.

Handel aktiv

Handel aktiv:

if you are not in long, wait for 1st pullback

Trade stängt: målet nått

Kommentera:

price action works