Double bottom has formed, creating a triangle pattern where there could be a retest.
If price breaks through resistance level, I can consider riding the double bottom where retracement level .382 sits near the pullback - long.
Trading the triangle would put the price at a second retest - short.
Currently interested in watching this triangle complete with (theoretical) target.
Also, if price pushes through the support zone with a daily candle, I noted the next support level at 111.037 where it could be headed
If price breaks through resistance level, I can consider riding the double bottom where retracement level .382 sits near the pullback - long.
Trading the triangle would put the price at a second retest - short.
Currently interested in watching this triangle complete with (theoretical) target.
Also, if price pushes through the support zone with a daily candle, I noted the next support level at 111.037 where it could be headed
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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.