Hey guys,
we were looking at this pair few days ago searching for a short setup. Now the background is changed and we see this chart as a trend continuation chance. As you can see price has shown some selling pressure around 1,5050 but not enough pressure to stop the trend from continuing up. The break and close above that level signifies a clear willingess to continue up and i'm willing to buy this in case of some sort of weaknesses at this level, which represents the previous resistance that should become support now.
A double bottom could be a good sign of reversal, stops below the low, and targets with structure.
Let's see how it plays out.
If you want to share your view or ask questions, feel free to comment below.
Otherwise, see you in the next chart!
we were looking at this pair few days ago searching for a short setup. Now the background is changed and we see this chart as a trend continuation chance. As you can see price has shown some selling pressure around 1,5050 but not enough pressure to stop the trend from continuing up. The break and close above that level signifies a clear willingess to continue up and i'm willing to buy this in case of some sort of weaknesses at this level, which represents the previous resistance that should become support now.
A double bottom could be a good sign of reversal, stops below the low, and targets with structure.
Let's see how it plays out.
If you want to share your view or ask questions, feel free to comment below.
Otherwise, see you in the next chart!
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