Don't MISS!
After collecting our data from the weekly timeframe, price initially was in a downtrending market and we had a success break of structure so we expected that the market will change it's direction from downtrend to uptrend of which it did.
The current trend to the upside which is visible on the DAILY timeframe, we can regard that as our Impulsive trend/move. Within this move, price is making a valid uptrend creating HIGHS and LOWS. The impulsive trend is currently moving rapidly which broke the resistance level (Check the arrow).
Our anticipated overall price target is @1.82000 level
As we all know, price is not just going to fly there, it's going to create a trend to get to the final target. So we're expecting price to make a new low to @1.73500 to @1.72000 level then we will look for a bullish confirmation.
TRADES OPPORTUNITY
I am currently watching this market closely and we will look at the smaller timeframe so we have a confirmation for a short sell. Join my channel to not miss this opportunity
Kindly Like this Trade Idea if you love it and Follow me for more
Thanks
Regards.
After collecting our data from the weekly timeframe, price initially was in a downtrending market and we had a success break of structure so we expected that the market will change it's direction from downtrend to uptrend of which it did.
The current trend to the upside which is visible on the DAILY timeframe, we can regard that as our Impulsive trend/move. Within this move, price is making a valid uptrend creating HIGHS and LOWS. The impulsive trend is currently moving rapidly which broke the resistance level (Check the arrow).
Our anticipated overall price target is @1.82000 level
As we all know, price is not just going to fly there, it's going to create a trend to get to the final target. So we're expecting price to make a new low to @1.73500 to @1.72000 level then we will look for a bullish confirmation.
TRADES OPPORTUNITY
I am currently watching this market closely and we will look at the smaller timeframe so we have a confirmation for a short sell. Join my channel to not miss this opportunity
Kindly Like this Trade Idea if you love it and Follow me for more
Thanks
Regards.