Is this breakout sustainable ?
Mis à jour
If it is, then we can expect the price action to charge higher towards 2.278 then 2.359 and then
2.498. Of course, there will be pull backs along the way.
Another way to look at it could be the price may retreat one more time towards the support at
2.065 to 2.099, making this breakout a false one. Yes, it is very possible but you can see that if it does, the downside is quite limited while the upside potential is huge.
Trade safely.
2.498. Of course, there will be pull backs along the way.
Another way to look at it could be the price may retreat one more time towards the support at
2.065 to 2.099, making this breakout a false one. Yes, it is very possible but you can see that if it does, the downside is quite limited while the upside potential is huge.
Trade safely.
Note
oops, a false breakout. hang in there.Note
3rd time flirting with the breakout of the bearish trend lineNote
Yes, I know it can be frustrating watching your paper profits turn into temporary losses but such is the nature of trading.Fret not, while the candles have turned bearish, it might overturn today or tomorrow with a green one. At the worst, we know it will heads south to 2.065 level which we are prepared to. I see some level of support at 2.15 as well.Note
sorry folks, we have been stopped out. It went lower than the support range of 2.065 to 2.099. We will be back again.
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