Large sell off however, trading within trend lines. I believe it will consolidate around 1.13370, then making a move to the top trend line, in line with previous highs of consolidation in previous days. Has found resistance around this level previously this month.
Will await re-test of the bottom trend line and confirmation of consolidation around 1.13365-1.13370 for the next few hours before entering.
Let me know what you think of my analysis!
Will await re-test of the bottom trend line and confirmation of consolidation around 1.13365-1.13370 for the next few hours before entering.
Let me know what you think of my analysis!
Note
Showing signs of perhaps moving bullish prior to initial arrow marking. Awaiting movement and close of the next hourly candle to decide to trade or not.Note
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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.