At first glance we see a bull flag forming on the hourly, but we'll need to see if it holds the 50MA support. If it breaks, we might see a pullback to the 0.66 - 0.63 support area and you might want to consider a short position. If it holds the 0.83 - 0.85 support area, you might want to consider a long position for further upward movement. Do not forget to set a tight stop loss.
Trade safely.
Trade safely.
Komentar:
It broke the local support. It's currently above the 50MA, further breakdown may result to a downward trend to a lower support.
