As you can see we have a clear breakout of this small down trend, looking at the daily and the weekly time frame this is still a very bullish pair.
We have just broken what was a resistance level, currently waiting for a retest of that zone to make sure this level holds up and can be classed as a new support.
If we find an entry on this pair intial targets will be the previous high, possibly targeting the daily high.
consider following me on tradingview that way you will get notified everytime i drop a post,
Good luck, stay blue,
Ash.
We have just broken what was a resistance level, currently waiting for a retest of that zone to make sure this level holds up and can be classed as a new support.
If we find an entry on this pair intial targets will be the previous high, possibly targeting the daily high.
consider following me on tradingview that way you will get notified everytime i drop a post,
Good luck, stay blue,
Ash.