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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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.