Price has recently pulled back above the monthly & weekly ascending trendline indicating bullish volume.
Clear break and retest pattern on the daily/h4 time frame, will be waiting for price to continue further up then pull back for a retest of the key zone & ascending trendline around 1.85000 before entering a long position.
This idea will be invalidated if price continues further down and closes below the support zone.
___
Disclaimer: The content shared is for educational and informational purposes only and does not constitute financial, investment, or trading advice. I am not a licensed financial advisor. Any actions you take based on this content are done at your own risk. Past performance is not indicative of future results.
Clear break and retest pattern on the daily/h4 time frame, will be waiting for price to continue further up then pull back for a retest of the key zone & ascending trendline around 1.85000 before entering a long position.
This idea will be invalidated if price continues further down and closes below the support zone.
___
Disclaimer: The content shared is for educational and informational purposes only and does not constitute financial, investment, or trading advice. I am not a licensed financial advisor. Any actions you take based on this content are done at your own risk. Past performance is not indicative of future results.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.