I expect price to move up in the long-term. As of right now, price is forming a double bottom, which might lead to a break above the TL. As stop raid could happen before the up move. For a conservative approach, wait for a break above the TL and a pullback to enter long.
If you like my analysis, please click the like button. Also, make sure you follow me for updates.
Happy Trading!
If you like my analysis, please click the like button. Also, make sure you follow me for updates.
Happy Trading!
Comentarios:
Price indeed did a stop raid as I mentioned. I got stopped out by less than 2 pips in the process. Price then move towards where I have marked but didn't quite make. Price is a bit chaotic right now, so I need to update my analysis.