Price has broken the daily trendline and began to go in a range, trying to push higher, but was pushed lower. This took out the stops and price dropped. I got real scared thinking this is going to plummet. The price instead respected the new support level and also retested the daily trend line.
It has since shot up and it looking to push higher. I am currently long and hope to exit around the 1.272 level. My stops are below the new support level.
Thanks to Alexander_Nikitin, Akil Stokes, Lewglasgow, Chartistry and many others that have liked my charts & for their insights and really to all of the trading view community. I would not have learnt anything if it wasn't for the generosity of you guys. I am below a novice and still learning how to define patterns, but its all about reading the charts. Fibs and patterns aid you - I really want to learn the advanced patterns, I'm slowly doing this.
Would love your feedback or comments
It has since shot up and it looking to push higher. I am currently long and hope to exit around the 1.272 level. My stops are below the new support level.
Thanks to Alexander_Nikitin, Akil Stokes, Lewglasgow, Chartistry and many others that have liked my charts & for their insights and really to all of the trading view community. I would not have learnt anything if it wasn't for the generosity of you guys. I am below a novice and still learning how to define patterns, but its all about reading the charts. Fibs and patterns aid you - I really want to learn the advanced patterns, I'm slowly doing this.
Would love your feedback or comments
