We can see that the pair is at the bottom of the channel, and both from the Price Action and the Bullish Divergence (on 12H, DAILY AND WEEKLY TFs) itself we can easily assume that bullish momentum is building up which is why I'd be considering a long position to the top of the channel and when and if the price reaches that point we can then start looking into the next possible move.
Trade safe and do your own due diligence before executing a trade.
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Trade safe and do your own due diligence before executing a trade.
For further details join us at:
valuedbusinessconsulting.com/
Note
Double flat completed on 1H TF..?Note
a little more upside in my opinion. Already 400 pips in moved, SL to profit taking level
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.