Price stuck in a Monthly Range, between the 1.55 -2.28 region. Range lasting from 1st September 2015 until today, very huge area.
Weekly showed rejection of the 1.7400 levels, which started a mini Weekly Range from June 2020 onwards as well. Thus, a range within a larger range trade.
Patiently waiting for a breakout if it happens. If price manages to break above 1.8540, then I might wait for a retracement or a smaller timeframe entry to get long.
Targets at the Extended Box Area at 1.9630.
Weekly showed rejection of the 1.7400 levels, which started a mini Weekly Range from June 2020 onwards as well. Thus, a range within a larger range trade.
Patiently waiting for a breakout if it happens. If price manages to break above 1.8540, then I might wait for a retracement or a smaller timeframe entry to get long.
Targets at the Extended Box Area at 1.9630.
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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.