This pair has had a decline after running up into strong resistance, and is now resting on the bullish trendline.
Will we see prices break below this trendline, or will it serve as a rallying base to build up buyers for another test of the resistance?
I would take an early long position now, and use a tight trailing stop in case the support does not hold up.
Will we see prices break below this trendline, or will it serve as a rallying base to build up buyers for another test of the resistance?
I would take an early long position now, and use a tight trailing stop in case the support does not hold up.
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Free video tutorials: wp.me/P1riws-7uH
Free trading signals: wp.me/P1riws-7E8
FB group: bit.ly/2zfCGXy
Telegram: t.me/synapsetrading
Youtube: bit.ly/2AaUK4C
Twitter: bit.ly/2DLoV6X
Free trading signals: wp.me/P1riws-7E8
FB group: bit.ly/2zfCGXy
Telegram: t.me/synapsetrading
Youtube: bit.ly/2AaUK4C
Twitter: bit.ly/2DLoV6X
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.