Bullish Engulfing - Long Position next week
Cleary see the broken trendline upwards in the Daily chart. Also broke a Resistance. Now we need a confirmation for booth to get a long Position.
The chart build also a Bullish engulfing Formation on the weekly Chart.
We can also see a flag in the 1H Chart. If we broke that to the down and retest the Resistance ( now Support) and see some Price Action or some patterns is a cleary signal to get long.
For me possible Long entry is the Support area around 0.92
The chart build also a Bullish engulfing Formation on the weekly Chart.
We can also see a flag in the 1H Chart. If we broke that to the down and retest the Resistance ( now Support) and see some Price Action or some patterns is a cleary signal to get long.
For me possible Long entry is the Support area around 0.92
Note
Weekly chart: prntscr.com/prgjzuNote
Daily Chart: prntscr.com/prgkf0
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Disclaimer
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.