Risk Reward 2.5
Strong bullish candles right now on 1hr show theres some buyers still around and looking to re attempt higher. With any luck it can reach sellers zone where I'll be looking for an entry to sell.
Caution this may take another 12 or so hours to develop and may not at all. I'm not as confident on the buy to get to that zone so I wouldnt try and ride it up. Wait for the sell entry to develop.
There is strong buyers support on the green line at the bottom so if it does go straight down, it should bounce will prob develop a range over the next couple days
Strong bullish candles right now on 1hr show theres some buyers still around and looking to re attempt higher. With any luck it can reach sellers zone where I'll be looking for an entry to sell.
Caution this may take another 12 or so hours to develop and may not at all. I'm not as confident on the buy to get to that zone so I wouldnt try and ride it up. Wait for the sell entry to develop.
There is strong buyers support on the green line at the bottom so if it does go straight down, it should bounce will prob develop a range over the next couple days
Comment:
Be careful here, this trade may no longer be valid. Price is tanking here and has also moved dramatically on other pairs
Comment:
The Spike upwards has begun from support. Super strong so BE Careful on entry and make sure buyer exhaustion is evident. It should occur in the zones marked.
Look to enter a sell and ride it down.
Look to enter a sell and ride it down.
Comment:
Success, price moved beautifully into zone then dropped back down to TP area