Price has respected our trend line ( blue line ) broke resistance ( green line ) and is heading up to our TP zone ( green box )
Obviously this pairing is in an up trend as indicated by our trend line ( TL ) if you cant see that then go book an appointment with your optician ;p
Also if you get the daily chart up on this pairing you will see the last 3 candles were bullish, this means buying power is strong, The weekly candle last week was a lovely big bullish candle and forming already on the monthly chart we have a small bullish candle forming.
So all technical analysis is pointing to a buy, we will be waiting to see how the market opens tonight before jumping into this trade, if it opens as we expected we will take the trade, or we might wait until tomorrow to see how it plays out.
Obviously this pairing is in an up trend as indicated by our trend line ( TL ) if you cant see that then go book an appointment with your optician ;p
Also if you get the daily chart up on this pairing you will see the last 3 candles were bullish, this means buying power is strong, The weekly candle last week was a lovely big bullish candle and forming already on the monthly chart we have a small bullish candle forming.
So all technical analysis is pointing to a buy, we will be waiting to see how the market opens tonight before jumping into this trade, if it opens as we expected we will take the trade, or we might wait until tomorrow to see how it plays out.