Take into consideration this rising wedge if you want to trade this pair.
Rising wedges usually breaks to the downside, but if it makes a breakout
to the upside consider the wicks of the candles as bull traps and always wait for confirmation before entering a position.
I think that we could possibly see a retracement from here between the 0.382 and 0.5 fib retracement.
If the breakout happens to the upside we can shoot for the resistance at 1.77677 as a target.
Rising wedges usually breaks to the downside, but if it makes a breakout
to the upside consider the wicks of the candles as bull traps and always wait for confirmation before entering a position.
I think that we could possibly see a retracement from here between the 0.382 and 0.5 fib retracement.
If the breakout happens to the upside we can shoot for the resistance at 1.77677 as a target.
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.
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.