In our previous forecast, we anticipated the price to enter a corrective phase. At the moment, nothing has changed and we find ourselves at the same point where the trading week started.
For this week, we will watch the price action around the trendline and if we get a breakout, we expect the price to start a pullback towards the resistance level highlighted on the chart.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
For this week, we will watch the price action around the trendline and if we get a breakout, we expect the price to start a pullback towards the resistance level highlighted on the chart.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
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