After being being held down for almost 2 months, I now expect this pair to correct to the upside!
We have strong MACD divergence on the daily and weekly charts at this key area, as well as 2 daily closes showing price is holding strong!
1Hr chart is showing signs of a reversal and is holding firm about 50 and 20 EMA
I am looking to Take Profit at 50 EMA on the daily, giving me a nice 2:1 Risk reward.
If you like my analysis, please drop me a follow on here or on IG @saxonpoley!
And if you are interested in how I trade, drop me a DM!
We have strong MACD divergence on the daily and weekly charts at this key area, as well as 2 daily closes showing price is holding strong!
1Hr chart is showing signs of a reversal and is holding firm about 50 and 20 EMA
I am looking to Take Profit at 50 EMA on the daily, giving me a nice 2:1 Risk reward.
If you like my analysis, please drop me a follow on here or on IG @saxonpoley!
And if you are interested in how I trade, drop me a DM!