Hi Traders,
the market was in a very strong uptrend.
The resistance level was at around 1.11800.
Then the market broke out and is now in a consolidation area.
It is still possible that the breakout is just a false break and it could return back into the triangle!
We have to wait for a proper break of the consolidation
or for a retest.
The SHS makes the potential break even more powerful.
We recommend to sell the market at the area and neckline break.
Thanks and good luck :)!
the market was in a very strong uptrend.
The resistance level was at around 1.11800.
Then the market broke out and is now in a consolidation area.
It is still possible that the breakout is just a false break and it could return back into the triangle!
We have to wait for a proper break of the consolidation
or for a retest.
The SHS makes the potential break even more powerful.
We recommend to sell the market at the area and neckline break.
Thanks and good luck :)!
Note
Perfect TARGET!!+66 pips!
Thanks and Keep Liking :)
Trade closed: target reached
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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.
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.