Looking for Long Trades
Price has now made a huge breakout higher in this pair.
As the daily chart shows, price has formed an inside bar, but it was below a daily resistance level.
Priced has now moved through this level. This same old resistance level could now look to act as a new price flip support level.
It could also be a solid level to start looking for long trades with this new momentum higher.
As the daily chart shows, price has formed an inside bar, but it was below a daily resistance level.
Priced has now moved through this level. This same old resistance level could now look to act as a new price flip support level.
It could also be a solid level to start looking for long trades with this new momentum higher.
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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.