Hi,
Based on the 4H Chart, we can see double top, the trendline breakout, the inability of breaking out the resistance and now, a triangle for the stronger movement of the USD.
A triangle might signal to go up or down. However, due to the recovery in the US Job Market and Biden Stimulus passed, I am going to treat the triangle as the continuation of the downtrend.
Happy Trading!
Based on the 4H Chart, we can see double top, the trendline breakout, the inability of breaking out the resistance and now, a triangle for the stronger movement of the USD.
A triangle might signal to go up or down. However, due to the recovery in the US Job Market and Biden Stimulus passed, I am going to treat the triangle as the continuation of the downtrend.
Happy Trading!
Order cancelled
UK Property Report Cancelled the Trade.
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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.