After the serious down move which came in two waves I think the pair is in front of correction.
Technically it all points to the same direction so here is our plan for this pair.
Technical Overview:
D1 – double wave down duplicated, down trend line to which we can expect the pair to move (at least to there)
H4 – Bullish Convergence – now we can expect the pair to correct a bit and continue higher
Entry:
Drop to the H1 and look for bullish hidden divergence to be completed which will be our trigger for a buy
Target 1: 0.8270
Target 2: 0.8550
Stop Loss: below 0.8110
U.S. stock index futures were little changed on Thursday as investors awaited a fresh batch…
Hi Traders! Silver technical analysis and short term forecast is here. We do our analysis…
Hi Traders! SP500 short term forecast update and follow up is here. On November 5th,…
Hi Traders! Today I am sharing with you the GBPCAD technical analysis and short term…
Hi Traders! Bitcoin short term forecast follow up and update is here. On August 28th,…
Hi Traders! EURNZD technical analysis and short term forecast post is here. We do our…