Reaching the top and moving up
Our pair has driven over the mark of 1.3040 and from the beginning of trading demonstrates its growth. Our technical indicators reflect the Buy signals and Stochastic has gone to the oversold zone.
We believe that if the pair returns to a given level, this will lead to the formation of a double top. However, now the pair is above this level and it is quite possible that the upward movement will go on.
Therefore, we recommend you to look for points of entry to long positions and set take-profits at marks 1.31 and 1.3150
We believe that if the pair returns to a given level, this will lead to the formation of a double top. However, now the pair is above this level and it is quite possible that the upward movement will go on.
Therefore, we recommend you to look for points of entry to long positions and set take-profits at marks 1.31 and 1.3150
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