Hello Traders,
We should be looking for the breakout of / rejection from the resistance level at around 0.77600 level:
- IF breakout happens, then we will go long toward the next resistance level at 0.78000
- IF rejection happens (price gets rejected from resistance line), we will go short toward the next resistance level at around 0.77000
Note that if the second scenario happens, then we will ideally be looking for HS pattern formation, and will again look for selling opportunities if the neckline breakout happens (Future plan, not worth discussing now).
We should be looking for the breakout of / rejection from the resistance level at around 0.77600 level:
- IF breakout happens, then we will go long toward the next resistance level at 0.78000
- IF rejection happens (price gets rejected from resistance line), we will go short toward the next resistance level at around 0.77000
Note that if the second scenario happens, then we will ideally be looking for HS pattern formation, and will again look for selling opportunities if the neckline breakout happens (Future plan, not worth discussing now).