- Wedge is clearly narrowing.
- We are possibly close to breaking out from this bearish channel and start a new bullish impulse wave up.
It could be a ascending triangle forming here, I've measured out the potential target, hopefully we will see another re test of the recent high (orange line) soon.
However, a drop below the ascending trendline will crush the bullish hope and we can nose dive to the middle of the channel.
I'm long right now but it's a big risk.
- We are possibly close to breaking out from this bearish channel and start a new bullish impulse wave up.
It could be a ascending triangle forming here, I've measured out the potential target, hopefully we will see another re test of the recent high (orange line) soon.
However, a drop below the ascending trendline will crush the bullish hope and we can nose dive to the middle of the channel.
I'm long right now but it's a big risk.
Note
4h bearish outlook looks bad so lets hope we don't go hereNote
Whoops. Above chart chart was in EUR :)Note
Proper ascending trangle on the 15 min chart about to break upward.
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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.