Structure: Support and Resistance breakout, re-test
Trend: Bullish
Comment: Price has broken out of long standing resistance levels (black line) also retested and confirmed breakout. we now look for DMI confirmation before taking a long until psychological price level of 0.71000.
Also if you want to look into candle stick analysis we see a few bars of indecision looking at the Doji star candles followed by a bullish engulf
Trend: Bullish
Comment: Price has broken out of long standing resistance levels (black line) also retested and confirmed breakout. we now look for DMI confirmation before taking a long until psychological price level of 0.71000.
Also if you want to look into candle stick analysis we see a few bars of indecision looking at the Doji star candles followed by a bullish engulf
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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.