Shown in the weekly chart you can see a significant move that breaks a decade long trand line. However, at a cloaser look on the daily, you can see that it closed below the trendline.
After another drill into the anlytics, you can see where many resistances were broken and retested.
Looking at the 4HR chart you can see multiple resistance lines have been broken abd retested as support. Except the most recent one in the white.
There should be a significant move to the lower side to retest that last resistance line prior to making an even bigger move to the upside. Perhaps to the 1.24065 area. I'm saying that it will happen right away. But position yourself for the false break-out pull back so that you're at a good position to buy around these retest zones. Let me know what you think?
Looking at the 4HR chart you can see multiple resistance lines have been broken abd retested as support. Except the most recent one in the white.
You're either trading with Smart Money Theory or your just burning your money money. Believe me, I've been there.
