This is still a great chart -
Price is pretty much in the pivot zone, a good buy area, ascending pattern clear (flat top with higher lows)
As mentioned before, its crunch time.
Simple psychology, 1.30 is where the market has been holding tight on higher prices, in the meantime as the price fall buyers are prepared to come in and buy at a higher price each time. Overtime this bottleneck will result in a breakout and a good shift to the upside. Time is the main factor as it coincides with news and better trading value.
Basic technicals good, MA's in right order, recognisable pattern (ascending triangle), two good trendlines still in tact (accelerated and traditional).
Still GOOD for GO.
Price is pretty much in the pivot zone, a good buy area, ascending pattern clear (flat top with higher lows)
As mentioned before, its crunch time.
Simple psychology, 1.30 is where the market has been holding tight on higher prices, in the meantime as the price fall buyers are prepared to come in and buy at a higher price each time. Overtime this bottleneck will result in a breakout and a good shift to the upside. Time is the main factor as it coincides with news and better trading value.
Basic technicals good, MA's in right order, recognisable pattern (ascending triangle), two good trendlines still in tact (accelerated and traditional).
Still GOOD for GO.