Yesterday I posted a falling wedge pattern which we have broken out of.
Today we see channel resistance holding the pair to the upside. A breakout out of either channel can provide direction for a sustained move. As the wedge pattern broke to the upside, the bias is for an upside break
Today we see channel resistance holding the pair to the upside. A breakout out of either channel can provide direction for a sustained move. As the wedge pattern broke to the upside, the bias is for an upside break
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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.