Can Price Breakout Higher?
As we discussed last week, price was testing the major daily resistance level.
Price has rejected that level and made a small move lower to finish last week below the resistance.
Momentum looks to be building for a breakout higher in this pair.
As the daily chart shows, if we can see a small bounce lower followed by another retest of the resistance, then we could start looking for breakout trades higher.
Price has rejected that level and made a small move lower to finish last week below the resistance.
Momentum looks to be building for a breakout higher in this pair.
As the daily chart shows, if we can see a small bounce lower followed by another retest of the resistance, then we could start looking for breakout trades 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.