Hello Traders, I’m Mani and I’m the writer of Trade 77 section, please follow me on twitter for further updates.
Happy New Year to everyone and wish you had a great vacation and have started a great year full of pips.
Daily chart below shows that price completely bounced off the trendline #1 and also 200 simple moving average which I mentioned before. First resistant on the daily chart would be trendline #2 which shows a possible 1.3500 price level.
Also there is a possible channel in the four hour chart which you can see it below. Main channel has
built by trendline #1 and #2 and we have got a median line #3 which shows price rejected
sometimes from that line very nicely.
For the last words I want to mention that triangle I posted a week ago and now it’s broken to the upside.
Price almost has reached that broken triangle and I think 200sma on H4 and also that trendline will hold the price.
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Winner’s Edge Trading, as seen on: