Looking for a long entry.
Pro's for a long:
Price is at bottom of channel, bottom of Bollinger Bands and on a support line. Daily trend is up. Hourly charts show bull divergence. Daily trend is up. Price movement is part of a big ascending triangle. Expecting price to test the 1.13 range again.
Con's for a long:
Price tested this support line multiple times in the past. Support lines get weaker with each test.
Pro's for a long:
Price is at bottom of channel, bottom of Bollinger Bands and on a support line. Daily trend is up. Hourly charts show bull divergence. Daily trend is up. Price movement is part of a big ascending triangle. Expecting price to test the 1.13 range again.
Con's for a long:
Price tested this support line multiple times in the past. Support lines get weaker with each test.
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