Review: Price had triggered our short trade but finished the day .
Update: Price continued to gain strength but is now at the daily 20sma which is acting as resistance.
Conclusion: Applying patience as we look for resistance to hold strong and for the bears to come back in. A break and close below support needed.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!
on the daily time fame rsi it show an over sold and a diversion on the rsi price
and on the begging of this reversal we could see a bullish engulfing pattern formation
on the weekly time frame its trending on a major support line
its bit early to decide that why am waiting for a break through 1.34615 price then a small retrace and a buying signal to buy this currency