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Price is consolidating below the horizontal resistance. It's not recommended to take any position until price produces a confirmed breakouf of either boundary.
In case with an Upward breakout we should wait for the horizontal resistance to be broken too, before to initiate a long position
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable.
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advice.
Price is consolidating below the horizontal resistance. It's not recommended to take any position until price produces a confirmed breakouf of either boundary.
In case with an Upward breakout we should wait for the horizontal resistance to be broken too, before to initiate a long position
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable.
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advice.