Hi guys,
few days ago i've published a shorting opportunity on this pair. But that doesn't mean we can't change our mind. In this particular case, i've missed the short entry but that was in fact a counter trend trade.
Now price has retraced back right on the previous resistance that was broken and that could turn into support (black box). Since we have a double bottom, with Rsi divergence, broken to the upside, i think this could be a good spot to long this pair (using the 2618 strategy).
Stops below the lows, target 1 and 2 as in the chart above.
If you want to share your viewpoint or ask questions, feel free to comment below.
Otherwise, see you in the next chart!
few days ago i've published a shorting opportunity on this pair. But that doesn't mean we can't change our mind. In this particular case, i've missed the short entry but that was in fact a counter trend trade.
Now price has retraced back right on the previous resistance that was broken and that could turn into support (black box). Since we have a double bottom, with Rsi divergence, broken to the upside, i think this could be a good spot to long this pair (using the 2618 strategy).
Stops below the lows, target 1 and 2 as in the chart above.
If you want to share your viewpoint or ask questions, feel free to comment below.
Otherwise, see you in the next chart!
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