After breaking through the resistance, price retreated to test the support and held. There is also a trendline support that is holding currently. I believe we will see a move down before breaking the next resistance area and testing the next area of resistance at 0.8952-0.8978
I would only go long if I get a clear break of this next resistance area.
I would only go long if I get a clear break of this next resistance area.
Transaction en cours:
**NO LONGER BULLISH**
Price has broken below trendline. Bias changed to bearish, TP at around 0.8765 (previous swing low)
Price has broken below trendline. Bias changed to bearish, TP at around 0.8765 (previous swing low)
Trade fermée manuellement:
Sell trade has been closed manually a few hours ago due to weak GBP and also positions in GBPJPY and GBPUSD.
Also, I did not draw a trendline that connects the lows of 14 & 15 Dec & 29 Dec. Price has bounced off that trendline too which confirms my upside bias.