Technical - Clear break of pattern confirmed with a close above
Hey y'all!
From past experience, what typically follows the break of a trend is a retest of the support and/or resistance levels before momentum accelerates.
I'm not too current on the Asian markets developments and this pair in particular. Make sure to utilize every tool in your arsenal to understand the fundamentals driving the pair. I've found that it helps you make sense of price action markups.
Enjoy and trade smart!
From past experience, what typically follows the break of a trend is a retest of the support and/or resistance levels before momentum accelerates.
I'm not too current on the Asian markets developments and this pair in particular. Make sure to utilize every tool in your arsenal to understand the fundamentals driving the pair. I've found that it helps you make sense of price action markups.
Enjoy and trade smart!