Short-term Momentum Building
Price has now formed a series of higher lows in this pair.
Whilst price is still in an overall range, the short-term momentum is higher.
Price has now moved lower and is looking to push into the near term support level. This level could be a solid level to look for potential long trades.
The other potential trading opportunity is looking for price to breakout higher with this recent momentum and make a strong leg higher.
Whilst price is still in an overall range, the short-term momentum is higher.
Price has now moved lower and is looking to push into the near term support level. This level could be a solid level to look for potential long trades.
The other potential trading opportunity is looking for price to breakout higher with this recent momentum and make a strong leg higher.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.