A breakdown of the long-term support level is possible. The target level will be determined by the long-term model.
Note
The upward momentum is caused by Trump's words about an overly strong dollar. Let's see if the trend against the dollar is going to be common or whether the movement against the dollar will die out against the background of the lack of suitable news.Note
Trade closed: stop reached
Note
Possible level for the second extremum of the descending resistance level.
Trade active
Trade closed: stop reached
Result: stop loss 65 pips + commission. Initial profit factor (profit / loss) > 9.
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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.
Related publications
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.