As one of my friends requested, I have made a graphical representation for him.
For several days, we can see that this Bond has been consolidating within the daily resistance and the monthly support. Just a few days ago, the Bond has broken above this consolidation mode. However, as seen on the graph, this may be a false breakout as this has occurred before thus making that area as the 'temporary' daily resistance.
Watch this pair closely!
For several days, we can see that this Bond has been consolidating within the daily resistance and the monthly support. Just a few days ago, the Bond has broken above this consolidation mode. However, as seen on the graph, this may be a false breakout as this has occurred before thus making that area as the 'temporary' daily resistance.
Watch this pair closely!