Quite a relief profit, 100pips is on the way
Quite a relief profit, 100pips is on the way
See the previous analysis at
s3.tradingview.com/g/gxhcLMPn_mid.png
Currently the price is quite close to the TP area, I still assume the price will go up, but stay alert if the trend starts to reverse direction.
there is a possibility, that this will form a channel like the one I drew above, it could also be that the price has not yet approached the channel I described but went straight down through the Validation Line.
in case the price goes down and breaks the validation line, then we can prepare for a trend change. let's take a look at the limits that I have created, while waiting for the confirmation that happens later
See the previous analysis at
s3.tradingview.com/g/gxhcLMPn_mid.png
Currently the price is quite close to the TP area, I still assume the price will go up, but stay alert if the trend starts to reverse direction.
there is a possibility, that this will form a channel like the one I drew above, it could also be that the price has not yet approached the channel I described but went straight down through the Validation Line.
in case the price goes down and breaks the validation line, then we can prepare for a trend change. let's take a look at the limits that I have created, while waiting for the confirmation that happens later