price bounced off previous support and now theres a huge bullish engulfing candle stick on the 4hr and if you come down to the 1hr timeframe you can see more clearly that theres a bullish pole and now a flag.
Another possible reason for this bullish move is that price broke the descending channel and retested and moved up.
I will be looking to go long, when i see the breakout off the triangle.
Another possible reason for this bullish move is that price broke the descending channel and retested and moved up.
I will be looking to go long, when i see the breakout off the triangle.
Trade closed: target reached:
i did wait for the breakout and i was anticipating for a long, however price went the other way. I went short at 1.35018 and met my target at 1.34809 with lot size 0.10.