When I'm looking on chart I see big potential for big movement some time in future. Pair established solid support between 4 and 6. I would like to see round number like 5 but it is not case here. This support area holds losses for almost 6 months. I don't see any candle formation or any other known to me pattern which I could apply here.
I see here potential to double triple or quadruple of stake.
Risk is that pair could go down to 1 that's why I wouldn't put stop loss because I strongly believe that there are pending orders just below 6 which will give boost to rise again.
Look at the huge doji candle from 31st of may. This pair has potential to rise up for fourth time in my opinion.
If you would like to take my advise and trade it I would suggest to invest only stake you are comfortable with and don't expect returns in short time. Just invest and wait till it will reach your desired level. I put in chart some levels I believe pair will hit in future. Pair is testing round number 10 for time being.
1. Green I'm pretty sure (this one is based on highest high from 2015)
2. Orange It is probable ( round number )
3. Yellow there is a small chance based on Fibonacci projections
4. Blue maybe based on Fibonacci projections
5. 361.80% who knows
I see here potential to double triple or quadruple of stake.
Risk is that pair could go down to 1 that's why I wouldn't put stop loss because I strongly believe that there are pending orders just below 6 which will give boost to rise again.
Look at the huge doji candle from 31st of may. This pair has potential to rise up for fourth time in my opinion.
If you would like to take my advise and trade it I would suggest to invest only stake you are comfortable with and don't expect returns in short time. Just invest and wait till it will reach your desired level. I put in chart some levels I believe pair will hit in future. Pair is testing round number 10 for time being.
1. Green I'm pretty sure (this one is based on highest high from 2015)
2. Orange It is probable ( round number )
3. Yellow there is a small chance based on Fibonacci projections
4. Blue maybe based on Fibonacci projections
5. 361.80% who knows