Still Looking for Breakout Higher
The daily resistance in this pair is still holding, however price has not made a major move away from this level.
In the next few sessions I will begin watching for a fresh breakout and move above this level.
For any potential breakout trades we would need to see the recent highs taken out and price make a strong move out higher.
A break above this level would be inline with the recent momentum and would open the way for a new extended leg higher.
In the next few sessions I will begin watching for a fresh breakout and move above this level.
For any potential breakout trades we would need to see the recent highs taken out and price make a strong move out higher.
A break above this level would be inline with the recent momentum and would open the way for a new extended leg 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.
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.