the trading now above the level of 118.00 will make the uptrend expected and the pair might continue in it's upmovements heading to 118.70 and then 119.00 and that's before bouncing from the resistance levels
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the trading now above the level of 118.00 will make the uptrend expected and the pair might continue in it's upmovements heading to 118.70 and then 119.00 and that's before bouncing from the resistance levels
If a M15 close above 119 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 117.50 sell only and do not buy. If price closes back above it again do nothing
The range 119 and 117.50 is neutral area, any trade done in between is personal decision and not part of this analysis
this pair as we can see the common trend is down trend and the price deeply down ema50 line. althogh the last week candle formed bullish . should close under the support level at 118.65 to continue falling
If a M15 close above 119 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 118.05 sell only and do not buy. If price closes back above it again do nothing
The range 119 and 118.05 is neutral area, any trade done in between is personal decision and not part of this analysis
we can notice from the chart that the pair has closed it's daily candle under 119.00 , that's mean the down trend is expected and the pair might head to 118.35 then 118.00 , however the pair made a hourly correction
the pair now with in up channel , so it will be for buy
after broke this channel or after reaching the lower
line of the channel .
the pair as we can see on the chart has success in breaking the level of 118.00 and reached the level of 117.00 , that's mean the down trend is standing and the pair might head to 116.55 then 116.10
as what i can see in the hourly shart i think he is return in bearisg the macd is below the 0 level the rsi is belox the 50 level
we can notice from the chart that the pair has closed it's daily candle under 119.00 , that's mean the down trend is expected and the pair might head to 118.00 then 117.60 , however the pair made a hourly correction
If a M15 close above 119 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 118.05 sell only and do not buy. If price closes back above it again do nothing
The range 119 and 118.05 is neutral area, any trade done in between is personal decision and not part of this analysis