This pair has recently broke the resistance which forms the ascending triangle.
Should another H4 candle close able this resistance, we can take this as very strong evidence that the uptrend is ready to continue.
There is a key resistance formed by the 0.382 Fibonacci, so I believe this could be a good target, giving a very favourable R:R.
Let me know what you think!
Should another H4 candle close able this resistance, we can take this as very strong evidence that the uptrend is ready to continue.
There is a key resistance formed by the 0.382 Fibonacci, so I believe this could be a good target, giving a very favourable R:R.
Let me know what you think!
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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.