Hello Traders,
The price action is dictating to us that this pair does not want to turn and break the low, but instead a continuation upside is likely.
We have broken the small trend line and are looking for a continuation pattern to keep going.
Expect a move up to break the 1.8498 high and possibly even continue further to breach 1.861 / 1.865 range.
Look for the move to go from here or it can make 1 more small down move to bounce on the previous trend line before reversing back up.
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Thank you
The price action is dictating to us that this pair does not want to turn and break the low, but instead a continuation upside is likely.
We have broken the small trend line and are looking for a continuation pattern to keep going.
Expect a move up to break the 1.8498 high and possibly even continue further to breach 1.861 / 1.865 range.
Look for the move to go from here or it can make 1 more small down move to bounce on the previous trend line before reversing back up.
If you enjoyed, please thumbs up and follow for more.
Thank you
Note
Hard rejection guys, the move just ended I think.. (for now)I think we have to see what happens after a move back to the trend line to see whether it will completely go down or is it just still in correction for a bigger up move.
Note
So far, so good. Let us see what happens what happens at the trend line! I will keep you posted.
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Related publications
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.