Regression Trend BB
Updated
Regression trend under Bollinger band base line suggesting a bullish channel if broken down, a sell signal
Trade active
bullishness continues inside channel extend it, possible target 1.18615, initial resistance 1816, next 1838, then 18615Trade active
1838 support held, after it was broken as resistance, next resistance 18500/ 1875/ 19/ 1925/ 1950 / 1975 with a retest of previous at each resistance. I expect a retrace to 1.18 if price hits 1.20Trade active
Price retraced to 175x after hitting 19600, next target up would be 1.21600 with resistance forming every 25pips 1.18/1.1825/1.1850/1.1875/1.19..etc first support 1.1792/1.1775/1.17500/1.1725/1.17 a long with sl below 1.1775 is my preferred position for this week.. good luckDisclaimer
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.