The pair has been in consolidation for the past 2-3 months in what seems to be a Triangle correction according to my own wave analysis. It is now reaching the bottom level of the Triangle (C) and has shown a few signs of reversal and an opportunity to go long as indicated on the chart (Hammer + Divergence). Therefore I'll be waiting for a few more confirming signs and then buy for a ride back to the top (D).
Trade safe and do your own due diligence before executing a trade.
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Trade safe and do your own due diligence before executing a trade.
For further details such as Entry Price, Stops etc join us at:
www.valuedbusinessconsulting.com/
Comentarios:
Yet another hammer candle on the 12H TF right smack on the bottom level of the triangle
Comentarios:
should it close in this fashion I will be taking a long position