Chunneling up!
-The EURGBP 0.20% yearly candle is green having crossed above the yearly open.
-It crossed above the 50% mark of the old range.
-It's poking above a key S/R level .
-The RSI reads bullish (>50) as it breaks above resistance while still having plenty of room to move to the upside before hitting the over bought range.
-All of this occurs as EURGBP 0.20% breaks out of a falling wedge giving us a measured move target (T2) of ~0.917 IF we make it past the first target (T1) of ~0.903 at the top of the old range.
-It crossed above the 50% mark of the old range.
-It's poking above a key S/R level .
-The RSI reads bullish (>50) as it breaks above resistance while still having plenty of room to move to the upside before hitting the over bought range.
-All of this occurs as EURGBP 0.20% breaks out of a falling wedge giving us a measured move target (T2) of ~0.917 IF we make it past the first target (T1) of ~0.903 at the top of the old range.
Note
Round 2
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.