If bulls manage to break the 0.7727 resistance, the long term bearish market will be finished. We see two bullish signs:
- An inverted head and shoulders pattern
- Bullish divergence
By breaking the 0.7727 resistance, the neckline of the H&S pattern, plus the multi-year downtrend line and the latest peak will be broken and there will be no doubt in the coming bullish uptrend.
My suggested SL and TP levels are shown in the chart.
Good luck,
Ali Sharifazadeh, CFTe
- An inverted head and shoulders pattern
- Bullish divergence
By breaking the 0.7727 resistance, the neckline of the H&S pattern, plus the multi-year downtrend line and the latest peak will be broken and there will be no doubt in the coming bullish uptrend.
My suggested SL and TP levels are shown in the chart.
Good luck,
Ali Sharifazadeh, CFTe
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。