Possible upward movement of the pair. Price is currently in a lower bound trading zone of a range with significant volume making stops and holding rejections at the bottom of the price in an area near the 55 period EMA , essential in my strategy for analysis of possible trend continuations. Indicators like Squeeze Momentum and the MACD histogram have turned bullish after their red valley; accompanied by the loss of bearish strength indicated by the ADX bouncing towards the EMA . The MACD lines would be giving a possible buy signal soon. I think it could go in search of the previous high price zone but it is unlikely to go higher as it runs into weak indications on the 4hr chart in a possible range. We are in a range zone, we will try to enter from the bottom up.
If you are going to take my opinion into account, please respect the projection time, this is extremely important. If it is not fulfilled in the foreseen time and it makes a range, it will be better to close the operation in case it is possible.
If you are going to take my opinion into account, please respect the projection time, this is extremely important. If it is not fulfilled in the foreseen time and it makes a range, it will be better to close the operation in case it is possible.