Well, this one says it all. Why complicate things when the market is saying it is simple? To me, this one seems clear (now, at this time, today! No crystal balls here).
- Downward channel with good top nd medium levels, missing well defined two separated price points for a clear support line.
- Clear and strong reaction to resistance last week.
- Price consolidated for quite a number of hours and seems to be breaking out in the 1H chart.
Potential move to 0.823 deserves an 8 on my EP scale.
NB: my EB scale is just a personal 1 to 10 conviction rate of my edge in each trade
- Downward channel with good top nd medium levels, missing well defined two separated price points for a clear support line.
- Clear and strong reaction to resistance last week.
- Price consolidated for quite a number of hours and seems to be breaking out in the 1H chart.
Potential move to 0.823 deserves an 8 on my EP scale.
NB: my EB scale is just a personal 1 to 10 conviction rate of my edge in each trade
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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.