A further drive to 1.7060-1.71 is expected and market is expected to be contained at this level. A bridge below this level and 1.7027 will render the contrasting triangle invalid.
If price is contained above 1.7027 and breaks the triangle upside, a rally move to 1.7715 is very likely before we would look for more short opportunities.
Read the full analysis from the weekly chart to 15m chart HERE
You can also join our trading room where we discuss how to trade this pattern if all the parameters are well formed. Click Here
If price is contained above 1.7027 and breaks the triangle upside, a rally move to 1.7715 is very likely before we would look for more short opportunities.
Read the full analysis from the weekly chart to 15m chart HERE
You can also join our trading room where we discuss how to trade this pattern if all the parameters are well formed. Click Here
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In this video , we looked at the triangle formation more closely using the Volume Price Analysis. There is a strong signal that the move will break upside. Watch the video by clicking this link. youtu.be/hpEeVwGuyqE