Its a short hand trend analysis for LRC/USD I would like to show you my noob skills of trading apologise if I am wrong thank me I am right
* LRC in Daily time frame forms a Symmetrical triangle pattern. * Symmetrical triangle occurs when the price consolidates between two parallel trendlines slightly sloping towards each other. The price is squeezed until it breaks the pattern. * Symmetrical triangle is considered to be either trend continuation or trend reversal pattern depending on the pattern...
We can see an ascending triangle formation here we can expect a 90% probability for the price to go up but anything may happen so do check the updates below
LRC to break the flag pattern, but wait for the confirmation. Support is seen with 20 and 50 ema and a small but powerful demand zone below. Use for your analyzes
RSI divergence and MACD sell signal just take a time to short it
LRC has broken the falling trend line and look like we are ready to go up after a retest
market rejecting white test zone and can be a reversal from the red zone. opinions would be appreciated.