In this picture we seen that one trendline acted two times as resistance after that resistance trendline breakout and made it as support level. After a few moment (Depend on timeframe) that support breakout and price sharply gone to down.
Here 1 is pointed for 1st resistance point,2 is another resistance point.
3 is breakout area where price act as bullish movement. After that it comeback to down and breakdown and acted as a support area.
For this kind of trading we need another confirmation like candlestick pattern or MACD confirmation.
[…] that above picture we see USDx retest on the turncoated support area that means it should to go up. On the other side on the same timeframe GBPUSD broken […]