Range Breakout
Price was in an uptrend, then began to move sideways, but within the preexisting uptrend. Price broke out of the range, but this break was false. Since then price has made a higher low, but also lower high. indicating the possible formation of a triangle.
A break of the trendline I would be looking to see price approach .8924, if price breaks to the upside I would expect resistance at .9145.
I will be entering once the there is a price break. I will be vigilant of a possible false break.
A break of the trendline I would be looking to see price approach .8924, if price breaks to the upside I would expect resistance at .9145.
I will be entering once the there is a price break. I will be vigilant of a possible false break.
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