Red option less likely but we will see how it play out.
Note
resistance at 1.1246 has been met. Now might see a decrease to the 1.11760 level.Note
probably retest the 1.122 level and maybe reach our target of 1.1275Note
price is reaching the monthly trendlineNote
1.32 was definitely a stronger resistance to mark than the light blue region at 1.275. From the 29th of March to the 4th of April we have seen the price forming a reverse H&Ss pattern which was definitely a better entry (1.12155). Now we wait and see how the price will change and we adapt.
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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.