The range between the two blue lines has been very important before and is still full of trading volume!
And red lines are a price channel. If the red and blue lines collide at the same time, it will be a good sign to enter the "LONG" trade!
Open the deal in three steps! 1 In reaching with the upper blue line 2 In reaching with the middle of the blue range 3 In a successful break out of the hypothetical downtrend
You can put the 4th stage after the pullback to the downward failure level!
Note
If you entered with the middle line good for you! if not don't trade on this pair!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.