Saw some upwards consolidation the beginning of December with resistance sitting at 1.4508
it was also a point of support early October but since then an ascending triangle had formed poised for a breakout in January.
1/9/19 we see a strong breakthrough the resistance and it is as bullish as it has been since early September. The trend as a whole going back a few months still has a bearish sentiment, but this can be a bullish move lasting a week or so. This is my first TA, as I continue to learn how to decipher time frames and fundamentals, I am pretty excited to see how I have begun to spot these trends and patterns on my own.
it was also a point of support early October but since then an ascending triangle had formed poised for a breakout in January.
1/9/19 we see a strong breakthrough the resistance and it is as bullish as it has been since early September. The trend as a whole going back a few months still has a bearish sentiment, but this can be a bullish move lasting a week or so. This is my first TA, as I continue to learn how to decipher time frames and fundamentals, I am pretty excited to see how I have begun to spot these trends and patterns on my own.
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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.