Two things may occur:
First, a downtrend condition which is confirmed after breaking the uptrend (green line). In this case, the pair moves in the purple channel.
Second, an uptrend if the pair makes a high (break and close) above the resistance zone (red line).
Anyway, I have chosen the first case ;-).
First, a downtrend condition which is confirmed after breaking the uptrend (green line). In this case, the pair moves in the purple channel.
Second, an uptrend if the pair makes a high (break and close) above the resistance zone (red line).
Anyway, I have chosen the first case ;-).
Note
First target was reached at April 10.The 2nd target is reached at April 12.
Now I am going short for the target 109.6
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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.