(Don't forget to like this idea and follow me for more updates. Thanks a lot!!!)
I'm holding a buy position above @1800-1810 for these reasons:
The multi-months channel is broken out again upside for a second time in the last couple of weeks;
The overall bias on Wk1 chart is very bullish above @1800, as I analyzed earlier in previous post;
A rejection candlestick - hammer - was produced yesterday (19/07/2021) to establish a support above @1800;
Taking a buy position now above this key areas of support has very good R:R
Above all, nothing is fixed. So, stay very safe!
DISCLAIMER: Please note that this is not an investment advice for anybody to run or undertake; It is for
educational purposes only and they are my personal views on these assets. If anything goes south, I am not liable.
Also, know that Forex is a high risk and reward business. So, do not trade with borrowed money or the one you can
not afford to lose.
I'm holding a buy position above @1800-1810 for these reasons:
The multi-months channel is broken out again upside for a second time in the last couple of weeks;
The overall bias on Wk1 chart is very bullish above @1800, as I analyzed earlier in previous post;
A rejection candlestick - hammer - was produced yesterday (19/07/2021) to establish a support above @1800;
Taking a buy position now above this key areas of support has very good R:R
Above all, nothing is fixed. So, stay very safe!
DISCLAIMER: Please note that this is not an investment advice for anybody to run or undertake; It is for
educational purposes only and they are my personal views on these assets. If anything goes south, I am not liable.
Also, know that Forex is a high risk and reward business. So, do not trade with borrowed money or the one you can
not afford to lose.