This pair has a very interesting construct with a lot of things hanging on the balance technically speaking;
Price has broken out of the range once more but could very well be in the upward channel still, depending on how you draw your trend line, I'm personally deciding to wait for the break and retest of the range's neck line from the other side of the red trend line before i make any commitments.
Price has broken out of the range once more but could very well be in the upward channel still, depending on how you draw your trend line, I'm personally deciding to wait for the break and retest of the range's neck line from the other side of the red trend line before i make any commitments.
Note
My outlook is looking more bullish after the pin bar on the weekly time frameTrade active
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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.