A few qualifications for this trade are...
•Falling Wedge Pattern
•“Hidden” Divergence on the MACD.
If we start trading back above 1.0900 and the pivot zone, a target of 1.1150 (Median level) wouldn’t be unreasonable.
I'm going to keep an eye on long positions and see if we can begin trading higher.
•Falling Wedge Pattern
•“Hidden” Divergence on the MACD.
If we start trading back above 1.0900 and the pivot zone, a target of 1.1150 (Median level) wouldn’t be unreasonable.
I'm going to keep an eye on long positions and see if we can begin trading higher.
