Daily triangle formation on the daily time frame. Blue trendlines represent areas of immediate 4h resistance/support., the redline represents Weekly resistance.
Short term bias is sliding to 1.14 then a break of it's immediate trendline down to 1.1 where we will see how it interacts with the overall triangle boundary. A break of the downwards will see a fall to 1.03 and the bottom of the weekly downwards channel.
A break upwards will see us retesting the weekly key level of support at 1.2
Check our Instagram: instagram.com/globopips/
Short term bias is sliding to 1.14 then a break of it's immediate trendline down to 1.1 where we will see how it interacts with the overall triangle boundary. A break of the downwards will see a fall to 1.03 and the bottom of the weekly downwards channel.
A break upwards will see us retesting the weekly key level of support at 1.2
Check our Instagram: instagram.com/globopips/
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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.