Hey guys,
this pair didn't take breaks, it's skyrocketed from 81 to 89 in less than a month. It implies of obviously a great disparity between sellers and buyers, but i think this could be at the end point. Looking left, this level of resistance is the last major one: it's also a weekly level and price always respected it in the recent past. This makes me think we could see a depreciation at this level, even though the trend will still remain bullish. I'm going to take a look at lower timeframes in order to decide whether to enter or not. Keep you updated!
If you have questions, or if you want to share your idea, feel free to comment below.
Otherwise, see you in the next chart!
this pair didn't take breaks, it's skyrocketed from 81 to 89 in less than a month. It implies of obviously a great disparity between sellers and buyers, but i think this could be at the end point. Looking left, this level of resistance is the last major one: it's also a weekly level and price always respected it in the recent past. This makes me think we could see a depreciation at this level, even though the trend will still remain bullish. I'm going to take a look at lower timeframes in order to decide whether to enter or not. Keep you updated!
If you have questions, or if you want to share your idea, feel free to comment below.
Otherwise, see you in the next chart!