We can see similar scenario as in my analysis before (AUDUSD link below).
AJ made really strong move to the upside and broke the resistance level . Now before this move will continue we should expect a retest of actual support level . Then it is very probable that price will rise again. Why ? Because we have very nice Double Top pattern on a daily timeframe . We have nice 91.7% positive correlation with AUDUSD
AJ made really strong move to the upside and broke the resistance level . Now before this move will continue we should expect a retest of actual support level . Then it is very probable that price will rise again. Why ? Because we have very nice Double Top pattern on a daily timeframe . We have nice 91.7% positive correlation with AUDUSD
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.