Price has recently tested a strong level of support from a weekly perspective and has bounced away. On the D1 chart price is possibly making an inverted head and shoulders pattern. The 131.300 level acted as support in the past broke below and almost immediately came back above this level. Therefore it is safe to assume price will continue upwards from this level
Trade closed: target reached
target is almost hit, it would be wise to close profits now.
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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.