Price has finally slowed down after the huge impulse recently. It has also been respecting the trendline and seems to be on its way back down to a key level which was broken on the impulse.
The larger TF shows that there was a larger down trend line which was recently broken.
I expect a retest of the trendline, however there is no telling when that retest may happen.
The larger TF shows that there was a larger down trend line which was recently broken.
I expect a retest of the trendline, however there is no telling when that retest may happen.
Note
Can price break the -0.272 level!?Trade closed: target reached
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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.