Price broke the weekly trendline but found buyers from a fairly decent support area and now is pushing firmly higher. Ideally, I would like to see a re-test of that trendline very close to the absolute highs or a clear failure near the Short-term resistance to look lower.
However - the double top there is something that annoys me, since I do not consider double tops as good reversals, instead I consider them weak reversals because it is a clear SL area for shorts, hence price may just spike through it.
Whatever the case will be - this pair is worth tracking this month.
However - the double top there is something that annoys me, since I do not consider double tops as good reversals, instead I consider them weak reversals because it is a clear SL area for shorts, hence price may just spike through it.
Whatever the case will be - this pair is worth tracking this month.