Hi friends.
we are in a range area between two divergent lines that i show on my chart.
if we break this pattern down we see lower levels 1723 and if we loss this level too
we see 1690.
but if this pattern breakout up this means maybe we have a Retest to 1785 level
and after that maybe again falling.
this levels that i illustrate have an overlap with upper and lower bands of Donchian channel
so they are very important levels.
so we can wait till this pattern ends and price direction appear.
we are in a range area between two divergent lines that i show on my chart.
if we break this pattern down we see lower levels 1723 and if we loss this level too
we see 1690.
but if this pattern breakout up this means maybe we have a Retest to 1785 level
and after that maybe again falling.
this levels that i illustrate have an overlap with upper and lower bands of Donchian channel
so they are very important levels.
so we can wait till this pattern ends and price direction appear.
Trade active:
we break down the pattern and touch first level at 1723.
now we are near second target 1690!
now we are near second target 1690!
Trade closed: target reached:
first target reached 1723
Trade closed: target reached:
second target reached at 1689