After bottom pattern was completed on 8/23, has begun to go uptrend,
On 8/29.30, backtested support line, continue to valid
9/2 break above the resistance line of ascending channel
then pull back with increased volume
15m TF, MA9,12 entangled with each other and broke below MA144, 169
Current bias: consolidation between 0.615-0.630
Until it effectively breaks through the short-term resistance (0.635),
will continue to be bullish (H1 MA is still bullish, uptrend structure hasn't been broken)
If falls below 0.60,
it may be a potential reversal trend in short-term
Personal opinions do not represent any investment advice
Any suggestions and feedback are welcome
On 8/29.30, backtested support line, continue to valid
9/2 break above the resistance line of ascending channel
then pull back with increased volume
15m TF, MA9,12 entangled with each other and broke below MA144, 169
Current bias: consolidation between 0.615-0.630
Until it effectively breaks through the short-term resistance (0.635),
will continue to be bullish (H1 MA is still bullish, uptrend structure hasn't been broken)
If falls below 0.60,
it may be a potential reversal trend in short-term
Personal opinions do not represent any investment advice
Any suggestions and feedback are welcome
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.
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.