Since December last year, the price has been in a very strong uptrend with virtually no breakdown of trend lines. But last Friday there was a breakdown of the resistance of 145.5, after which the price continued to rise. This is a strong and sharp leap, so it is very likely that this growth will not last long. Moreover, the price resistance level is located nearby (many touches with a large TF), so we should expect that, having touched the level of 146.6, the price will return to the trend and fall to its lower line 144.9.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.