The price is moving to the border of the range. I see that last 2 months big players accumulate a position. I think it is for buyers.
To become more confident I wait for fake broke of key level 1.1510. It will be the best option if the currency rate bounced up from 1.15 that will be my signal for the Long.
What do I need for open Long entry:
1. Fake broke of 1.1510 – 1.1500
2. H1 MUST close upper 1.1510
3. Goal: 1.1820 or 1.2140
If the price will break down 1.1500 and H1 will close under it. That will be a signal that currency rate will continue to move down and next target will be 1.1111
P.S. I will send an update when I will see accurate entry if this post will get 50 like
To become more confident I wait for fake broke of key level 1.1510. It will be the best option if the currency rate bounced up from 1.15 that will be my signal for the Long.
What do I need for open Long entry:
1. Fake broke of 1.1510 – 1.1500
2. H1 MUST close upper 1.1510
3. Goal: 1.1820 or 1.2140
If the price will break down 1.1500 and H1 will close under it. That will be a signal that currency rate will continue to move down and next target will be 1.1111
P.S. I will send an update when I will see accurate entry if this post will get 50 like
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Forget about buy at this moment.
For intraday traders: you can look for Short after pull beak.