As you can see above, i have found a wedge pattern forming on the graph which has successfully broken out and even retested the resistance which has turned into a support.
i believe that from my entry the pair is likely to retrace to .99288 and then once again bounce as this seems to be a fairly strong resistance in the past; this would also match the relationship on the MACD as we can see when i placed my entry there was still room to fall until it bounced back again :)
thank you for reading.
i believe that from my entry the pair is likely to retrace to .99288 and then once again bounce as this seems to be a fairly strong resistance in the past; this would also match the relationship on the MACD as we can see when i placed my entry there was still room to fall until it bounced back again :)
thank you for reading.