The triangle pattern in the 4H pattern has been broken out to the upside and price has been closed bullish candles above the pattern.
Currently, price is facing a strong bullish pressure and is about to test the next major high around 99.400
If price retests 99.400 and retraces a little bit after that, in the case of an upside breakout on 99.400, the next target would be around 99.780 which is the next resistance zone.
Currently, price is facing a strong bullish pressure and is about to test the next major high around 99.400
If price retests 99.400 and retraces a little bit after that, in the case of an upside breakout on 99.400, the next target would be around 99.780 which is the next resistance zone.
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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.