Six moth of downtrend finaly breaks?
This week Nor broke Eur down trend by closin green candel, in next week we will see if its a fake out or if its a break.
But in my own concullutions of trading, when a candel breaks and closes above or below the trendline it means the trend line is broke. But however next week we will se if its a fake out or if it confirms the break out!
The reson why this is happening is it becus it hitted and bounced to uppside of weekly support.
But in my own concullutions of trading, when a candel breaks and closes above or below the trendline it means the trend line is broke. But however next week we will se if its a fake out or if it confirms the break out!
The reson why this is happening is it becus it hitted and bounced to uppside of weekly support.
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