The trend line (blue) was respected several times during this uptrend.
Personally, I think that this uptrend will stop in the long term and make way for a downtrend. The price does not make new higher heights anymore and this has created a triangle pattern.
The price is also close to a respected zone. This zone has been reached several times, but has never been broken.
This has not been possible since 9 May 2017.
Because the triangle is at a height and close to the '' short zone '', I think the price will go the other way soon.
When the triangle is broken or the '' short zone '' is touched, we can take a short position. I currently expect some upcoming movement within the triangle. When it is broken, I expect the newdowntrend to start.
I have chosen the TP (Target Profit) of 111,870. This is the first respected zone where a turnaround often occurs.
Đóng lệnh: đạt mục tiêu:
the price has achieved the target profit. When you followed my analysis and took a short position, we can confirm the following profits:
TP = 113.620 - 111.870
TP = 185 pips!!
Congratulations for the people who took the trade!
TP = 113.620 - 111.870
TP = 185 pips!!
Congratulations for the people who took the trade!