Breakout achieved, we may see a retracement to R1 or R2 targets. Given the history of this currencies movement, with large breakouts resulting in large retracements, it wouldn't be unexpected.
Although volume remains consistent while being over the EMA, the RSI is in an overbought position.
I've been watching the buy and sell orders on this for days, sell orders are stagnant...they don't move down....buys are condensing upwards...this will be at 700+ in a matter of days
jonasbrothers3000
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very much doubt we will actually see such a retracement
Laquisha
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@potatohead314, Then you should look more closely at your buy and sell orders because this retraced to R1 with the wick almost reaching R2