Can identify a clear uptrend that has been broken.
First level of support has also been broken.
Unsure on where the bounce back will be, either, 141 or 139 area. Possible buy areas after consolidation from candle stick and/or indicators.
This could also be a false breakout and may see the price move back into that uptrend.
I am just a learning trader and putting my knowledge to the test. Open to suggestions or ideas.
First level of support has also been broken.
Unsure on where the bounce back will be, either, 141 or 139 area. Possible buy areas after consolidation from candle stick and/or indicators.
This could also be a false breakout and may see the price move back into that uptrend.
I am just a learning trader and putting my knowledge to the test. Open to suggestions or ideas.
Comment:
Ignore the 141 and 139 part!
Comment:
Skadoosh. Price rockets at the first support line (0.74892). The price is now sitting at 0.75520.
Comment:
US fundamentals coming out soon.
Comment:
Can now see the price has met the support/resistance line (0.75367). There could be a few possibilities that can occur here after the price either breaks or reverses on this line (0.75367):
A reversal could see the price bounce of that existing uptrend line or break through it back to the support level (0.74892)
A break through the resistance (0.75367) can lead to meeting weekly high.
A reversal could see the price bounce of that existing uptrend line or break through it back to the support level (0.74892)
A break through the resistance (0.75367) can lead to meeting weekly high.