Price gave breakout above the year long consolidation, structurally the consolidation seems like a complex inverse head and shoulder pattern, which eventually broke above the level of 1.1630 (Neckline of the formation). The whole consolidation structure is at support of multi year rising trendline, taking support of which price has shown multiple bounce backs in the upper direction.
We are expecting a sustained up-move and eventual breakout of 1.216 which was previous upswing's high. Bullishness is going to persist for the next 1-2 quarters.
Resistance 1: 1.1934
Resistance 2: 1.2131
Support 1: 1.1510
For fresh entries, I would wait for a pullback, consolidation & upon continuation of the move in the upper direction. I would be interested in taking long entries.
In summary: Bullish for up coming days but for fresh entries wait for the pullbacks!
For Educational Purposes only, Not an Investment Advice, Always use strict Risk management measures.
Regards CrazyTrades247.
We are expecting a sustained up-move and eventual breakout of 1.216 which was previous upswing's high. Bullishness is going to persist for the next 1-2 quarters.
Resistance 1: 1.1934
Resistance 2: 1.2131
Support 1: 1.1510
For fresh entries, I would wait for a pullback, consolidation & upon continuation of the move in the upper direction. I would be interested in taking long entries.
In summary: Bullish for up coming days but for fresh entries wait for the pullbacks!
For Educational Purposes only, Not an Investment Advice, Always use strict Risk management measures.
Regards CrazyTrades247.
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해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
Join Telegram Channels for more Trades ideas 🧿
🟢For Forex and International Commodities
t.me/CrazyTrades247_FX_International
Connect us
+91-9238387447
crazytrades247@gmail.com
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t.me/CrazyTrades247_FX_International
Connect us
+91-9238387447
crazytrades247@gmail.com
관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.