Hi Traders!
The market is in a healthy uptrend.
As you can see, the market was moving a strong upmovement until the Resistance around 1.33200.
During that, the 50MA and the 200MA were crossing bullish - the so called "Golden Cross" is a strong bullish signal for many traders.
After that, the market was making a retracement.
It formed the Bullish-Flag Pattern.
Then, the market broke the pattern as expected and it also broke the Resistance with high momentum.
Now the market tested the breakout successfully.
We recommend to buy the successful retest after a confirmation.
Thanks and good luck :)!
The market is in a healthy uptrend.
As you can see, the market was moving a strong upmovement until the Resistance around 1.33200.
During that, the 50MA and the 200MA were crossing bullish - the so called "Golden Cross" is a strong bullish signal for many traders.
After that, the market was making a retracement.
It formed the Bullish-Flag Pattern.
Then, the market broke the pattern as expected and it also broke the Resistance with high momentum.
Now the market tested the breakout successfully.
We recommend to buy the successful retest after a confirmation.
Thanks and good luck :)!
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Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.