Volkswagen is testing a major resistance level.
Bullish scenario: breakout of the resistance will generate new buys and end of the downtrend.
Bearish scenario: if the breakout is not successful, the downtrend will continue into the channel with a retest of the support level located at 160
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Bullish scenario: breakout of the resistance will generate new buys and end of the downtrend.
Bearish scenario: if the breakout is not successful, the downtrend will continue into the channel with a retest of the support level located at 160
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.