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If a M15 close above 0.8000 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 0.7800 sell only and do not buy. If price closes back above it again do nothing
The range 0.8000 and 0.7800 is neutral area, any trade done in between is personal decision and not part of this analysis
it should be mentioned that the bounce produced a lower high than the previous one. Because of this, we are expecting this pair to fall hard in the near future. In the mean time,
If a M15 close above 0.8000 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 0.7900 sell only and do not buy. If price closes back above it again do nothing
The range 0.8000 and 0.7900 is neutral area, any trade done in between is personal decision and not part of this analysis
as we can see on the chart , the pair is trading under the level of 0.7900 , any way if the pair succeeded in breaking 0.7900 , it will continue in it's up movements heading to 0.7935 and then 0.7965
as what i can see in the hourly shart i think this pair is in up trend after the parabolic sar is in up the macd is abouve the 0 level the rsi is abouve the 50 level
we can notice from the chart that the pair has closed it's daily candle under 0.7800 , that's mean the down trend is expected and the pair might head to 0.7700 then 0.7670 , however the pair made a hourly correction
If a M15 close above 0.8000 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 0.7700 sell only and do not buy. If price closes back above it again do nothing
The range 0.8000 and 0.7700 is neutral area, any trade done in between is personal decision and not part of this analysis
the chart is showing that he pair has succeeded in breaking the level of 0.7800 , so that's mean the uptrend is still standing and the pair might continue it's up movements heading to 0.7840 and then 0.7870
If a M15 close above 0.7900 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 0.7700 sell only and do not buy. If price closes back above it again do nothing
The range 0.7900 and 0.7700 is neutral area, any trade done in between is personal decision and not part of this analysis
Uptrend expected and very strong super signal is Buy.
So this pair will rise from now and buy is the perfect decision.