The price is currently sitting at a daily level
We are forming a W where we are making Higher Lows
The Emas are starting to cross over
Even tho we are not at the trendline, we still are forming this at some important price zone, the price has been struggling to push downwards. A riskier approach would be to just long this, with a stop past the previous wick, because if the price comes further than that we break structure.
A safer approach would be to wait for the break of the trendline and wait for a rebound of some level.
Good TP area around the monthly 1.0000 level
We are forming a W where we are making Higher Lows
The Emas are starting to cross over
Even tho we are not at the trendline, we still are forming this at some important price zone, the price has been struggling to push downwards. A riskier approach would be to just long this, with a stop past the previous wick, because if the price comes further than that we break structure.
A safer approach would be to wait for the break of the trendline and wait for a rebound of some level.
Good TP area around the monthly 1.0000 level