we have two possibilities, as you know a symmetric triangle always throws us two possible outcomes, the first the price breaks the downtrend (red line) in that case we will go up with objectives of the second resistance, it could also break the (blue line) in the case we will go short with the objective of the second support.
As we can see the EMA tells us the trend is bullish.
Much of the analysis depends on the news of tomorrow (01/11/2017), especially for the USD.
As we can see the EMA tells us the trend is bullish.
Much of the analysis depends on the news of tomorrow (01/11/2017), especially for the USD.
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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.