Last candle was bullish engulfing with narrow range being exhibited since 24/04/2018.
This is usually followed by an expansion contraction. I am expecting more of a narrow range before any out break. This pattern follows similar principles to Bollinger Band Squeezes.
The break out will be over 2.08 to possibly 2.49 above that could see 3.15 to 4.44. The next hurdle will be 6.7.
This will be long so waiting will be required.
A good entry is 1.4 to 1.49 a stop loss will be 1.09.
My entry average so far is 1.5 am looking to buy more and wait.
This is usually followed by an expansion contraction. I am expecting more of a narrow range before any out break. This pattern follows similar principles to Bollinger Band Squeezes.
The break out will be over 2.08 to possibly 2.49 above that could see 3.15 to 4.44. The next hurdle will be 6.7.
This will be long so waiting will be required.
A good entry is 1.4 to 1.49 a stop loss will be 1.09.
My entry average so far is 1.5 am looking to buy more and wait.