We may do some bull trap here or we could break downtrend line!
This is one very risky trade.
I'm long from 0.0165 target is 0.0178
if downtrend channel resistance is broken and big buying volume comes in.
Confirmation is closing daily candle above 0.0174
Target can extend up to 0.019
beware we are still within downtrend
Stop loss 0.01630
This is one very risky trade.
I'm long from 0.0165 target is 0.0178
if downtrend channel resistance is broken and big buying volume comes in.
Confirmation is closing daily candle above 0.0174
Target can extend up to 0.019
beware we are still within downtrend
Stop loss 0.01630
Trade closed: target reached
Don't be greedy, lots of resistance ahead.Take some profits
Now it all depends how the market behaves from 0.0170 on
4hr inside cloud so If more buying volume comes in, this could turn out to be a Long at least to 0.0185
Be safe.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.