On its way up!
The pair formed a new "3" @ 61,05 (you had to adjust the trendchanel) before the breakout level - the old valid "2" @ 63,6 could be taken out of the market. now the breakout is still going on (with its tp @ 67/70,5) but a bit overbought. A retest of the breakoutlevel @ 63,6 should be exspected or planned. good luck
former analysis:
If the pair can trade sustainably above "2" @ 63,6 that generates a buying-signal with target 67/70,5.
This pattern only is active if we trade above the"2", if not, the risk of a double top is in the air :-)
Prices below "3" are generating a short signal
former analysis:
If the pair can trade sustainably above "2" @ 63,6 that generates a buying-signal with target 67/70,5.
This pattern only is active if we trade above the"2", if not, the risk of a double top is in the air :-)
Prices below "3" are generating a short signal
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