As we can see, price was printing lower highs from mid April this year, and at the same time, was getting squeezed into the 1.8850 level.
With the buyers defending 1.8850 successfully, it was just a matter of time before either resistance or support was breached.
In June we saw a break to the upside and the trendline tested for several days before buyers took price higher than it's been in over a month.
If you agree with this analysis, look for buys setups that meet your strategy rules.
With the buyers defending 1.8850 successfully, it was just a matter of time before either resistance or support was breached.
In June we saw a break to the upside and the trendline tested for several days before buyers took price higher than it's been in over a month.
If you agree with this analysis, look for buys setups that meet your strategy rules.
Low-Cost Trading, for everyone, everywhere.
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.
Low-Cost Trading, for everyone, everywhere.
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.