Test of trend line resistance.
Looking on 4 hour chart
We can see 50 EMA acts as support but the test of the 150 EMA is causing resistance - this being the case there is not much range between the two EMAs.
Looking at the 1 hr chart a head and shoulders formation was respected and price broke the trendline resistance. A small pull back was noted but price closed above the trendline. Price also used both 50 and 150 EMA as support.
I anticipate price to have a slow and very choppy bull run to the 1.24 zone but think this will take a good few weeks to come about.
Awaiting test of trendline resistance before entering any trade for the day.
We can see 50 EMA acts as support but the test of the 150 EMA is causing resistance - this being the case there is not much range between the two EMAs.
Looking at the 1 hr chart a head and shoulders formation was respected and price broke the trendline resistance. A small pull back was noted but price closed above the trendline. Price also used both 50 and 150 EMA as support.
I anticipate price to have a slow and very choppy bull run to the 1.24 zone but think this will take a good few weeks to come about.
Awaiting test of trendline resistance before entering any trade for the day.
交易進行
Analysis was spot on bias = BUY
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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。