Horizontal lines are set at basic support and resistance levels. Colors represent the past and future battles between Bulls and the Bears. Will the Bulls push pass resistance at 1.05? I think they have a high probability due to a strong Resistance 0.90. The Bulls have some great momentum. Keep an eye out for this battle of the greats. Good luck trader.
Komen
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Fun fact: The triangle that you see here is known as an ascending triangle. the degree at which bottom line placed at support levels are feature come in to contact with a flat horizontal line of resistance. Ascending triangle's are a common pattern used by a frequent amount of traders; both novice and expert.
I have tested only a few times so I am still learning but it has helped me to effectively analyze price action. Hope this helps you!