Bearing then Bullish
We got out of a descending triangle in an uptrend. This is a continuation pattern.
A breakout occurred in the north side of the triangle.
Now, we have a small and a larger double top with bearish divergences, which is a good sign of downtrend at least in the short term. We are atm in an resistance area (old resistance).. The price could revert in two areas: 1.2657 or 1.25 maybe depending on how long it takes to hit the triangle resistance line (now support).
So I see a retest of this triangle resistance line (now as a support) and it should rally up 1.30ish.
A breakout occurred in the north side of the triangle.
Now, we have a small and a larger double top with bearish divergences, which is a good sign of downtrend at least in the short term. We are atm in an resistance area (old resistance).. The price could revert in two areas: 1.2657 or 1.25 maybe depending on how long it takes to hit the triangle resistance line (now support).
So I see a retest of this triangle resistance line (now as a support) and it should rally up 1.30ish.
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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.