price is making triple top at 1.00492 horizontal resistance
it has made rising wedge pattern which is ending right at the resistance. if it break lower yellow line than there is huge risk to down that price going back to support where the chart pattern started
based on current price - long on retest of lower yellow line than waiting for breakout of upper horizontal resistance
if lower yellow trend breaks than sell on retest and with sl on white horizontal resistance and tp based on your risk reward ratio
since dollar is strong
fed is ready to hike 75bps again in November fomc
so fundamental support upside breakout
but this 3rd week of October and based on seasonality dollar could make correction and downside move is possible but it will be limited until fomc rate hike
it has made rising wedge pattern which is ending right at the resistance. if it break lower yellow line than there is huge risk to down that price going back to support where the chart pattern started
based on current price - long on retest of lower yellow line than waiting for breakout of upper horizontal resistance
if lower yellow trend breaks than sell on retest and with sl on white horizontal resistance and tp based on your risk reward ratio
since dollar is strong
fed is ready to hike 75bps again in November fomc
so fundamental support upside breakout
but this 3rd week of October and based on seasonality dollar could make correction and downside move is possible but it will be limited until fomc rate hike
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.