Many traders see a trend continuation here, I still have doubts
so let's close our short positions when market opens and join the long-term reversal.
There are several reasons that support this buying scenario
⠀1. strong support zone confirmed with candlestick pattern
2. bullish momentum and very strong demand area
3. a completion of a 3-3-5 flat correction
But we do not rush to buy, we wait for a correction outside the channel and confirmation
⠀
Only after that we will make a decision about further moves.
TAKE a long @ 1.4769
TP 1 @ 1.5050
TP 2 @ 1.5275
TP 3 @ 1.5534
Protective stop @ 1.4639
so let's close our short positions when market opens and join the long-term reversal.
There are several reasons that support this buying scenario
⠀1. strong support zone confirmed with candlestick pattern
2. bullish momentum and very strong demand area
3. a completion of a 3-3-5 flat correction
But we do not rush to buy, we wait for a correction outside the channel and confirmation
⠀
Only after that we will make a decision about further moves.
TAKE a long @ 1.4769
TP 1 @ 1.5050
TP 2 @ 1.5275
TP 3 @ 1.5534
Protective stop @ 1.4639