NEO/USD is looking extremely interesting at these prices / levels - Continued bullish momentum and upside potential, following the upside breaks / breakouts of the previous descending trendline resistance levels and horizontal resistance. Our algorithm has also highlighted another #buy #long opportunity at these levels, following the most recent bullish break of the cluster resistance level with potential upside targets, initially focusing on the resistance level of 78 handle. Our three previous buy signals, with additional & manual technical analysis conducted for additional confluence, flagged buy signals at the following levels.... 50.38 | 64.37 | 67.94 | 68.21 & Now 76.51 - Chart is available upon request. :)
I'd like to see price action test and break above the 78 handle... In terms of trade management, if price action fails to gain bullish momentum / test / breakout & close above the 78 handle, we could see the market test the horizontal / descending tl & ascending tl support @ 74.50 handle which is a psychological watched 'mid-round number' (MRN)
I'd like to see price action test and break above the 78 handle... In terms of trade management, if price action fails to gain bullish momentum / test / breakout & close above the 78 handle, we could see the market test the horizontal / descending tl & ascending tl support @ 74.50 handle which is a psychological watched 'mid-round number' (MRN)