Hello Traders,
Looking at this pair looks like it broke our new support and dropped down to the old support level and has bounced slightly back up showing our rejection from our support area.
Looking at previous highs and lows we can see a 236 bar high and low triangle , following up we can see a second triangle similar to the previous one.
but the last triangle shows that the candles was doubled from previous triangles.
Shows double candles and 25 days taken.
So from the analysis i expect another 236 candle movement upwards direction similar to the first triangle in similar days.
let me know what you guys think,
Looking at this pair looks like it broke our new support and dropped down to the old support level and has bounced slightly back up showing our rejection from our support area.
Looking at previous highs and lows we can see a 236 bar high and low triangle , following up we can see a second triangle similar to the previous one.
but the last triangle shows that the candles was doubled from previous triangles.
Shows double candles and 25 days taken.
So from the analysis i expect another 236 candle movement upwards direction similar to the first triangle in similar days.
let me know what you guys think,