It is difficult to say for sure which direction the price will go next.
The price could break above the resistance line, break below the support line, or continue to trade sideways within the range.
The price is near the middle of the range. This suggests that there is an equal chance of the price going up or down.
The Bollinger Bands are relatively narrow. This suggests that the market is not very volatile at the moment.
The RSI is near 50. This suggests that the market is neither overbought nor oversold.
Seeing this head and shoulder pattern should help a bit with the trade.
Trade at your own risk.
Cya soon!
The price could break above the resistance line, break below the support line, or continue to trade sideways within the range.
The price is near the middle of the range. This suggests that there is an equal chance of the price going up or down.
The Bollinger Bands are relatively narrow. This suggests that the market is not very volatile at the moment.
The RSI is near 50. This suggests that the market is neither overbought nor oversold.
Seeing this head and shoulder pattern should help a bit with the trade.
Trade at your own risk.
Cya soon!
Trade closed: target reached:
Trade closed with a take profit of 40 pips and a high peak of 64 pips!
trade at your own risk, have a nice week
trade at your own risk, have a nice week