• Pair is bullish as long as it is above the weekly ascending trend line labeled in orange
• Next target upside is at 1.2950 where price got rejected several times
• Will bulls get a successful breakout this time ?
• 2 scenario are presented in the chart above
• 1st scenario: bulls successfully break the 1.2950 level and continue pushing prices higher
• 2nd scenario: bulls fail again and prices start to fall after hitting 1.2950
• Bullish pattern on weekly chart: ascending triangle, which favors a bullish breakout past 1.2950 in the weeks ahead
• Next target upside is at 1.2950 where price got rejected several times
• Will bulls get a successful breakout this time ?
• 2 scenario are presented in the chart above
• 1st scenario: bulls successfully break the 1.2950 level and continue pushing prices higher
• 2nd scenario: bulls fail again and prices start to fall after hitting 1.2950
• Bullish pattern on weekly chart: ascending triangle, which favors a bullish breakout past 1.2950 in the weeks ahead
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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.