Case for Bulls:
- Overall Bullish Trend with HH and HL
- No sign of Bearish Divergence
- Possible Bullish Flag (Not shown in diagram because of AB=CD pattern
- Bullish AB=CD Pattern with PRZ in a previous resistance zone
Case for Bear:
- Seasonality - May is a Bearish month as far is seasonality is concerned
- Current Trend does not support any bearish stance unless reversal happends
Stance : Bullish
Trading Plan : Place Buy Stop on A at 0.62522 With Stop Loss at 0.62155.
Risk Reward ratio to be managed at 1:1
- Overall Bullish Trend with HH and HL
- No sign of Bearish Divergence
- Possible Bullish Flag (Not shown in diagram because of AB=CD pattern
- Bullish AB=CD Pattern with PRZ in a previous resistance zone
Case for Bear:
- Seasonality - May is a Bearish month as far is seasonality is concerned
- Current Trend does not support any bearish stance unless reversal happends
Stance : Bullish
Trading Plan : Place Buy Stop on A at 0.62522 With Stop Loss at 0.62155.
Risk Reward ratio to be managed at 1:1