The counter has formed a double bottom pattern.
It broke the neckline, then pulled back and tested it.
We expect the level of 1.22893 to act as a support and push the price towards the resistance level of 1.25240.
It broke the neckline, then pulled back and tested it.
We expect the level of 1.22893 to act as a support and push the price towards the resistance level of 1.25240.
Trade closed: target reached
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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.