Bulls
1)HH and HL
2)Support at 0.88215
3)Bullish Falling wedge
Bears
1)Bearish Engulfing candle
2)Resistance at 0.88588
3)Price shows rejection from the falling resistance
4)Price shows retracement at 0.236
Trade Plan 1:Taking a short trade as price bounce back from the falling resistance level keeping the stop loss above the resistance line
Trade Plan 2:
Will take a long trade if price breakout from the resistance level 0.88588
Trade Plan 3: Will take a long trade if the price moves up at the support level 0.88215
Trade Plan 4: Will take a short trade if price break out from the support level at 0.88215
1)HH and HL
2)Support at 0.88215
3)Bullish Falling wedge
Bears
1)Bearish Engulfing candle
2)Resistance at 0.88588
3)Price shows rejection from the falling resistance
4)Price shows retracement at 0.236
Trade Plan 1:Taking a short trade as price bounce back from the falling resistance level keeping the stop loss above the resistance line
Trade Plan 2:
Will take a long trade if price breakout from the resistance level 0.88588
Trade Plan 3: Will take a long trade if the price moves up at the support level 0.88215
Trade Plan 4: Will take a short trade if price break out from the support level at 0.88215