Healthy upward trending counter. It has been consistently undergoing minor flag breakouts along the uptrend line. Would be good for short term trade if it can break above the immediate resistance 1.620 level.
EP: 1.625
TP: 1.785
CL: 1.550
EP: 1.625
TP: 1.785
CL: 1.550
Note
it has broken out above the crucial 1.62 resistance line and almost immediately re-tested the line as a support . If it does not break below this support, it should be good to keep. Lets see if it will go further.Note
EXCELLENT breakout, as predicted earlier. Now the then-resistance has turned into support.
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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.