Pair previously pushed passed what was resistance that it tested several times and over extended to the upside on a daily and weekly time frame. At the moment it is correcting to the downside and a possibility of the pair testing of what was resistance as support before it continue to the upside is at play.
A nice possible setup to lookout for. A confirmation will determine that.
A nice possible setup to lookout for. A confirmation will determine that.
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.