It seems like the bulls are in play following up beat CBI and Net borrowing data in the UK.
Price has finally broken the descending channel resistance and closed beyond the horizontal resistance it was struggling to break.
A re-test of the resistance is always likely, but I missed too many trades this week waiting for a re-test that never came, so I'm getting in early and keeping my stops away from the trendline.
Price has finally broken the descending channel resistance and closed beyond the horizontal resistance it was struggling to break.
A re-test of the resistance is always likely, but I missed too many trades this week waiting for a re-test that never came, so I'm getting in early and keeping my stops away from the trendline.
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.