Context.
we have forem a wide downchannel within the range of this pair, where price currently sits
at the overbought condition , we allreayd broke a demandline indicating a change in behaviour
a breaj of this level to the downside will result in a test of the mean of the range @119.5
a breakoutto the upside will lead us to the resistance of the range @120.400
signs of strenght:
rallie on increased momentum
signs of weakness:
downchannel
broken demandline
we have forem a wide downchannel within the range of this pair, where price currently sits
at the overbought condition , we allreayd broke a demandline indicating a change in behaviour
a breaj of this level to the downside will result in a test of the mean of the range @119.5
a breakoutto the upside will lead us to the resistance of the range @120.400
signs of strenght:
rallie on increased momentum
signs of weakness:
downchannel
broken demandline