This pair closed at a good level on the daily chart with an indication that you can take a long position in this pair if this happens...
At this position, we have to see the market reaction. If we see a daily close as a bullish candle then we will be taking a long here but we have to see if this support holds.
If it holds, then we can take long to our initial target of 0.71125(Target 1) and final target will be 0.72400
ADX also, still bullish biased but a confirmation for uptrend is needed here.
At this position, we have to see the market reaction. If we see a daily close as a bullish candle then we will be taking a long here but we have to see if this support holds.
If it holds, then we can take long to our initial target of 0.71125(Target 1) and final target will be 0.72400
ADX also, still bullish biased but a confirmation for uptrend is needed here.
Note
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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.