We've entered into a pennant as the strong bullish move was unsustainable and certainly exceeded my expectations as laid out in the boxes I projected over the past couple weeks. The top of the yellow box has become a bit of a support, and the red support line has proven to be pretty reliable, as well as the dotted red support.
Considering we're in such a strong bullish move, I see the price breaking through the blue resistance line and moving upwards on the path to 1.08, and if that should fail, to stop at the purple support at the lowest, although this would surprise me. Price action is clinging to the blue resistance more than red support, which leads me to believe it will break bullish. Solid buy here.
Considering we're in such a strong bullish move, I see the price breaking through the blue resistance line and moving upwards on the path to 1.08, and if that should fail, to stop at the purple support at the lowest, although this would surprise me. Price action is clinging to the blue resistance more than red support, which leads me to believe it will break bullish. Solid buy here.
Comment:
Broke through the blue resistance as expected. Next test is to break the .937 high set on 4/20. Looking for this to occur between 4/22 - 4/25, and a push to occur into 1.08 following.
Trade closed manually:
Closed this trade. Looks like sideways movement for a time, uncertainty.
