HELLO TRADERS
- In my previous analysis let me remind you that i was looking for bullish move after breakout of Falling Wedge.
- Price was unable to break that wedge and respected this counter line which is now holding price.
- Accordingly all technical indicators are analysis there is now no reason to short this pair.
- Price can be anytime rejected soon and follow bullish behavior.
- I have drawn this counter trendline on Daily Time Frame and New support where the price is heading.
- We have to watch lower time frames like 4H to see Descending correction which will be an indication of bullish behavior gonna happen, and wait for trendline to be broken and retest.
"Attaching my previous analysis for educational purpose" also DXY analysis which will help you to understand direction
- In my previous analysis let me remind you that i was looking for bullish move after breakout of Falling Wedge.
- Price was unable to break that wedge and respected this counter line which is now holding price.
- Accordingly all technical indicators are analysis there is now no reason to short this pair.
- Price can be anytime rejected soon and follow bullish behavior.
- I have drawn this counter trendline on Daily Time Frame and New support where the price is heading.
- We have to watch lower time frames like 4H to see Descending correction which will be an indication of bullish behavior gonna happen, and wait for trendline to be broken and retest.
"Attaching my previous analysis for educational purpose" also DXY analysis which will help you to understand direction
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Investment and structure planning :
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