Possible break out towards 4.00

19. Okt. 2019

For my idea, I see we have been channeling down towards the red support line that has held up twice, the channel is about to intersect with the support signalling a break out is due. The range has narrowed enough with with what I view as possible bullish reversal starting on last 2 daily candles, if this will close above 3.81 on Monday i will expect a green candle Tuesday pushing to or above 3.98. Brexit delay may push metals higher which can kick off a at least short term reversal for a channel up. I am still learning and quite green with charting
So please use my idea with caution, if this looks helpful please comment or like l, if you have constructive criticism or ideas relating please share them.