Hi traders,
This is one of some pairs that I am currently watching because it is very close to a breakout. Looking at the daily chart we can see that we are in a triangle type of formation, RSI is very close to break trendline and if we look a longer time frame, it looks that we may completed the wave 2 and now on the way to make wave 3. Breaking and CLOSING BELOW trend line it can give sellers more control in this pair.
Thanks!
Thiago Duarte
@thiagotrader
thiago@duarteinvestmentgroup.com
This is one of some pairs that I am currently watching because it is very close to a breakout. Looking at the daily chart we can see that we are in a triangle type of formation, RSI is very close to break trendline and if we look a longer time frame, it looks that we may completed the wave 2 and now on the way to make wave 3. Breaking and CLOSING BELOW trend line it can give sellers more control in this pair.
Thanks!
Thiago Duarte
@thiagotrader
thiago@duarteinvestmentgroup.com