After weeks of consolidating within the borders of the formed ascending triangle, the price has finally broken out of the structure. As it can be inferred from the illustration, the price is currently completing the retest of the broken zone of resistance that aligns with 50% Fibonacci retracement level. We are expecting for the price to form a nice bottom and keep growing all the way until the 1.152 area of major resistance.
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.