$C is starting to look interesting. đ
The 4H chart has broken above the descending trendline, and the retest has already been completed successfully. Even better, buyers stepped in and defended the breakout.
đą Previous resistance is now acting as support
â Retest confirmed
đ If momentum continues to build, the next area to watch is the 0.08â0.12 range.
This is one of my favorite setups: breakout â retest â continuation. As long as price stays above the trendline, the bulls remain in control. If it loses that level, the breakout setup is invalidated.
Always manage your risk and DYOR. #C
The 4H chart has broken above the descending trendline, and the retest has already been completed successfully. Even better, buyers stepped in and defended the breakout.
đą Previous resistance is now acting as support
â Retest confirmed
đ If momentum continues to build, the next area to watch is the 0.08â0.12 range.
This is one of my favorite setups: breakout â retest â continuation. As long as price stays above the trendline, the bulls remain in control. If it loses that level, the breakout setup is invalidated.
Always manage your risk and DYOR. #C