USDBRO already meet the High or April 2019. Common and classic price action characteristic is whenever the price meet support or resistance area, the pause and change of price could be occurred.In the smaller timeframe (H4) there's and indication of price reversal as a secondary movement. So, with this simple and basic technical analysis I expect a downward movement on USDBRO for at least one week ahead,
Trade closed: target reached
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.
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.