2017-05-14
Price action is in a long term (D1) consolidation channel. Currently in an up trend heading towards the upper channel resistance at 1.16000.
Retracement has just completed at 38.2 which is a strong indicator of a trend continuation. Next target will be the future D at 1.13061. Recommend waiting for RSI to go over sold before entry.
Price action is in a long term (D1) consolidation channel. Currently in an up trend heading towards the upper channel resistance at 1.16000.
Retracement has just completed at 38.2 which is a strong indicator of a trend continuation. Next target will be the future D at 1.13061. Recommend waiting for RSI to go over sold before entry.
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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.