Daily triangle formation on the daily time frame. Blue trendlines represent areas of immediate 4h resistance/support., the redline represents Weekly resistance.
Short term bias is sliding to 1.14 then a break of it's immediate trendline down to 1.1 where we will see how it interacts with the overall triangle boundary. A break of the downwards will see a fall to 1.03 and the bottom of the weekly downwards channel.
A break upwards will see us retesting the weekly key level of support at 1.2
Check our Instagram: instagram.com/globopips/
Short term bias is sliding to 1.14 then a break of it's immediate trendline down to 1.1 where we will see how it interacts with the overall triangle boundary. A break of the downwards will see a fall to 1.03 and the bottom of the weekly downwards channel.
A break upwards will see us retesting the weekly key level of support at 1.2
Check our Instagram: instagram.com/globopips/
