Eos is forming a wedge indicated by the confluence of the ascending and descending slopes
Long at 5.39
with stop at 5.39
Take profit at 5.46
This could possibly become a larger trade depending on future price action
Long at 5.39
with stop at 5.39
Take profit at 5.46
This could possibly become a larger trade depending on future price action
Comment:
The descending centre line (red) is the focus of price action and oscillations from it are decreasing in amplitude. The last spike high on 7 November at 5.87 broke this trend.
Comment:
Zoomed in to 1 minute;
I have cloned the ascending parallel lines to monitor the progress of the trade.
First target is around 5.41
The rejection from the descending red line can be clearly seen
Zoomed in to 1 minute;
I have cloned the ascending parallel lines to monitor the progress of the trade.
First target is around 5.41
The rejection from the descending red line can be clearly seen