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Price action

Chart 1:- Monthly
Chart 2:- Weekly
This pair just broke the resistance of 1.6312and expected to test the next resistance of 1.6736.but after a correction.
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The accumulation will continue

This pair has made a symmetrical triangle in monthly chart(image -1) and price breakdown of the triangle at 1.56 level.and price retested the level after 8th and 9th candle in 2 weekly chart(see image 2), which also the 38.2% retracement level of short term pull back.but its holding the 78.6% retracement at 1.5129 for long. Expecting price to roam around and hold 78.6% level for next 7 to 8 weeks.but any close of 2 candle below 78.6% level in 2 weeks chart,expect 1.435 and and 1.22 in near years…
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VTTG avatar
VTTG 11 Sep.

Very useful, I like it

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