As you can see in my chart we can see a clear triangle pattern. In addition to that we have a heavy resistance line found at the 0.0386 level.
We are currently in a small channel with the upper limit at 0.0452 which I expect to be retested soon. If this level breaks we are likely to see a test of the upper border of the triangle and a possible outbreak to the top.
Considering the fact this resistance doesn't break we need to be also aware of a possible outbreak to the bottom with a target of 0.026.
Good luck and happy trading to all!
We are currently in a small channel with the upper limit at 0.0452 which I expect to be retested soon. If this level breaks we are likely to see a test of the upper border of the triangle and a possible outbreak to the top.
Considering the fact this resistance doesn't break we need to be also aware of a possible outbreak to the bottom with a target of 0.026.
Good luck and happy trading to all!
