Hi Traders!
I have seen that the price has been stuck in a range for the last day. Looking at the 1H chart she is stuck in an ascending triangle. Since, as the literature says (although it is not always like that!), the ascending triangle represents a possible build-up for a breakout, on the 4h chart, a possible double top might be forming! What do you think? Is this science fiction? :-) I will update you, but if the price breaks out, then it is time to buy till the area @ 1.567.
Cheers
I have seen that the price has been stuck in a range for the last day. Looking at the 1H chart she is stuck in an ascending triangle. Since, as the literature says (although it is not always like that!), the ascending triangle represents a possible build-up for a breakout, on the 4h chart, a possible double top might be forming! What do you think? Is this science fiction? :-) I will update you, but if the price breaks out, then it is time to buy till the area @ 1.567.
Cheers
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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.