Simple breakout trade.
Break of trendline/ Retest which happens to be the 78.6% retracement level of the start of this down move.
Weekly resistance broke just a little, Ill be looking to short once we break back below 1.3150
Break of trendline/ Retest which happens to be the 78.6% retracement level of the start of this down move.
Weekly resistance broke just a little, Ill be looking to short once we break back below 1.3150
Note
I will wait for weekly support to break and retest before going short!Trade active
Note
Im looking for the weekly resistance level to be our major resistance this week! If you are in the trade make sure to put stops in profit !
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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.