This pair has recently broke the resistance which forms the ascending triangle.
Should another H4 candle close able this resistance, we can take this as very strong evidence that the uptrend is ready to continue.
There is a key resistance formed by the 0.382 Fibonacci, so I believe this could be a good target, giving a very favourable R:R.
Let me know what you think!
Should another H4 candle close able this resistance, we can take this as very strong evidence that the uptrend is ready to continue.
There is a key resistance formed by the 0.382 Fibonacci, so I believe this could be a good target, giving a very favourable R:R.
Let me know what you think!