Looking at the chart and the overall structure, I think we can favor the continuation setup with a emphasis on price action at key zones, particularly when price breaks out then can revisit this structure for a retest.
This bounce off support has been accomplished in my previous analysis:
Here, if price breaks with strength and dips back into the area and holds with bullish confirmation (likely a wick rejection or bullish engulfing on lower timeframes), that would be the cue to get in.
I am projecting the next target to 1.38600 that makes sense as a logical level for trend continuation and that I find achievable.
This bounce off support has been accomplished in my previous analysis:
Here, if price breaks with strength and dips back into the area and holds with bullish confirmation (likely a wick rejection or bullish engulfing on lower timeframes), that would be the cue to get in.
I am projecting the next target to 1.38600 that makes sense as a logical level for trend continuation and that I find achievable.
Trade closed: target reached
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👉 I recommend this Broker - Get 20% Deposit BONUS - bit.ly/trenddiva
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Related publications
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.