Can This Repeating Pattern Sustain?
Updated
Looking back we can see a very similar run of 3 tests of support then drops below support then back to test the new resistance.
Looking at the angles of these runs between the tests of Resistance we can see they are averaging around 58%
We can see previously it tests 3 times before pumping up half way before coming right back down below support. This is something to remember.
We could see a similar pattern form now. We have 3 tests of support which means we might have a nice little long to take advantage off.
Looking at the angles of these runs between the tests of Resistance we can see they are averaging around 58%
We can see previously it tests 3 times before pumping up half way before coming right back down below support. This is something to remember.
We could see a similar pattern form now. We have 3 tests of support which means we might have a nice little long to take advantage off.
Comment
That 55 degree trend line is still working. We are approaching a possible resistance at around 1.072-3 watch this point for clues to the next round.It could be a great TP
Comment
Reached first potential target. Can it break this resistance and see it go to 1.08?Profits are locked in
Trade closed: target reached
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.