Long Position For Now
Market is currently in bullish trend. New higher highs and higher lows are observed. Three white soldiers are former at latest higher low. On the other side evening star was formed at higher high but bulls are in attack as a strong bullish candle is formed after evening star.
Support and Resistance levels are observed on daily frame. Resistance is breaking after each higher high. And resistance is being testing out. Support level can be analyzed through Fibonacci, at 0.382 or 38.2%. If support breaks then it should be bearish reversal.
Plan A: Buy
Buy at resistance: 1.09471
SL: 1.08871
TP1: 1.09771
TP2: 1.10071
or
Buy at 1.09170
SL: at HH 1.08848
TP1: at resistance 1.09471 or 30 pips 1.09470
TP2: 1.09771
Bullish Flag was observed in recent times which predicted target profit to at least Resistance level.
Further projections can be made when ab=cd will test. And if the test is successful at resistance level then bearish reversal may be observed in long run.
Support and Resistance levels are observed on daily frame. Resistance is breaking after each higher high. And resistance is being testing out. Support level can be analyzed through Fibonacci, at 0.382 or 38.2%. If support breaks then it should be bearish reversal.
Plan A: Buy
Buy at resistance: 1.09471
SL: 1.08871
TP1: 1.09771
TP2: 1.10071
or
Buy at 1.09170
SL: at HH 1.08848
TP1: at resistance 1.09471 or 30 pips 1.09470
TP2: 1.09771
Bullish Flag was observed in recent times which predicted target profit to at least Resistance level.
Further projections can be made when ab=cd will test. And if the test is successful at resistance level then bearish reversal may be observed in long run.
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