Current support level : 1.35837
current resistance level : 1.37876
Harmonic Patterns : bullish Shark Pattern
Trend analysis : support trend line break out retest
Fibonacci : 62% retracement the last major swing
SL @ 1.38684
TP @ 1.21210
Strengths:
- Price usually corrects itself so that it doesn't stray off to far from the EMA 10 & 20, the support trend line and resistance level has not been tested as the new stronghold
Weakness:
- Bullish shark might not fail when price hits the current resistance level
Comment: Although price has broken strongly out of the channel, to get in at the best price, you must wait for the retest of the resistance level.
current resistance level : 1.37876
Harmonic Patterns : bullish Shark Pattern
Trend analysis : support trend line break out retest
Fibonacci : 62% retracement the last major swing
SL @ 1.38684
TP @ 1.21210
Strengths:
- Price usually corrects itself so that it doesn't stray off to far from the EMA 10 & 20, the support trend line and resistance level has not been tested as the new stronghold
Weakness:
- Bullish shark might not fail when price hits the current resistance level
Comment: Although price has broken strongly out of the channel, to get in at the best price, you must wait for the retest of the resistance level.
Order cancelled
Trade active
Trade active:
TP Hit