This level is super important because price has traded below it since it broke with it for more than 1,000 days and right now it`s retesting it.
Having said that, it´s clear a lot of sellers are placed here but if we look at the lows in recent price action buyers keep pushing price up and making higher lows.
This reversal pattern or wedge has turned into a flat triangle giving us the opportunity to buy a breakout with massive potential to the upside.
Should price break with the 1.3750 we have a clean line of sight to the next key level and 1.618 of the last pullback for at least 250 pips and then to retest the previous highs for a possible 575 pip move from the breakout.
Since buyers keep grinding those lows higher the R on this trade is great.
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.