Weekly closed with a bullish formation and the price still remain bargaining by the buyers (View From 4 Hour)
Currently, this pair is sustain well at the level of ~1.1165 . If enter in this level for long position, our risk is quite high due to current pair formed lower high.
Once it break the level automatically next support will be 1.1100 .
My point of view on this pair is BULLISH
What i am planing , is to wait the price to penetrate 1.1165 this level and Looking for another catch for Long position at the level of 1.1100
or within my yellow region.
If the price sustain well at 1.1165 , I will wait the pair break above the downward trendline and find a great opportunity to jump
#Trade Safe
Currently, this pair is sustain well at the level of ~1.1165 . If enter in this level for long position, our risk is quite high due to current pair formed lower high.
Once it break the level automatically next support will be 1.1100 .
My point of view on this pair is BULLISH
What i am planing , is to wait the price to penetrate 1.1165 this level and Looking for another catch for Long position at the level of 1.1100
or within my yellow region.
If the price sustain well at 1.1165 , I will wait the pair break above the downward trendline and find a great opportunity to jump
#Trade Safe