Weekly Chart:
Bullish candle broke the down-trend line since Jan. 2018
Daily Chart:
Friday closed with a bullish engulfing candle
Watch out:
1. Downtrend is still intact
2. First resistance might be around zone 0.724
3. Second resistance might be around zone 0.733
4. Price might go back to retest zone 0.713-0.716
5. Strongest resistance will be long term down trend since Apr. 2013
Action:
Join the Bulls (Going long here still consider counter trend)
Stop Loss:
Always set your SL
Bullish candle broke the down-trend line since Jan. 2018
Daily Chart:
Friday closed with a bullish engulfing candle
Watch out:
1. Downtrend is still intact
2. First resistance might be around zone 0.724
3. Second resistance might be around zone 0.733
4. Price might go back to retest zone 0.713-0.716
5. Strongest resistance will be long term down trend since Apr. 2013
Action:
Join the Bulls (Going long here still consider counter trend)
Stop Loss:
Always set your SL