Weekly price is above 200 SMA on the bullish area of the chart. 100 SMA together with 55 SMS are indicator for the price the ranging market condition for trying to the primary bullish trend to be resumed. Ascending triangle pattern was formed, and if the price breaks resistance at 1.3534 to above so the bullish trend will be resumed. Alternatively, the price will be on secondary ranging within the primary bullish market condition. Recommendation: wait for the price to break 1.3534 resistance for possible buy position; otherwise - ranging.
2026.01.08 10:38
2
MQL5 profile
Yeni yorum
The weekly price is on secondary ranging within the primary bullish market condition: price is moved to be near and around the level at 1.3534 waiting for the secondary correction to be started or for the bullish trend to be continuing.
Trading Summary: ranging waiting for direction
Ascending triangle pattern was broken to above with the resistance at 1.3534. For now, the price is testing the resistance at 1.3869 for the bullish trend to be continuing, otherwise - the secondary ranging to correction for example.