This pair has been following a ascending channel for some time now. Struggling to break the median line of the channel.
We have now reached resistance in the upward channel, breaking above this will also mean breaking the median line.
We can the see this pair heading for the upper limits of the channel.
We have had a retest of the 50 EMA on the 1H TM with good continuation. So momentum might be on the side of longs.
Will keep an eye on this one for the week
Disclaimer: I am still new to trading and testing my strategies. Not all trades Ideas I post will result in live trades. They might be tested on demos accounts.
Please share your Ideas with me and I am always open to positive criticism.
Remember to use risk according to your appetite.
Thanks for Checking out this Idea.
We have now reached resistance in the upward channel, breaking above this will also mean breaking the median line.
We can the see this pair heading for the upper limits of the channel.
We have had a retest of the 50 EMA on the 1H TM with good continuation. So momentum might be on the side of longs.
Will keep an eye on this one for the week
Disclaimer: I am still new to trading and testing my strategies. Not all trades Ideas I post will result in live trades. They might be tested on demos accounts.
Please share your Ideas with me and I am always open to positive criticism.
Remember to use risk according to your appetite.
Thanks for Checking out this Idea.
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.