Currently Price is in channel (shaded area) that is in line with $1.08457 -$1.08588 zone.
$ 1.08457-$1.08588 zone and trendline/ channel has rejected price to downside.
Price hasn't quite tested $1.08225-- nearest Low on price has been 1.08273
Test of $1.08225 and Long pass above trendline will have price rally to $1.0999.
Test of $1.0789 and Long pass above trendline will have price rally to $1.09361.
Advanced upside targets exist once these initial targets are achieved.
Lower potential targets include $1.07534 and $ 1.07459.
Whatever low price will test will govern upside
-- as of now upside targets (1) is $1.0999 with recent low quoted near $1.08225.
*Again: Test of $1.0789 and Long pass above trendline will have price rally to $1.09361.
Use paired color coordination of price as direct relation-- test of one (Low) governs test of the other (high) --then beyond.
LIKE, SHARE, FOLLOW AND HAPPY TRADING!
$ 1.08457-$1.08588 zone and trendline/ channel has rejected price to downside.
Price hasn't quite tested $1.08225-- nearest Low on price has been 1.08273
Test of $1.08225 and Long pass above trendline will have price rally to $1.0999.
Test of $1.0789 and Long pass above trendline will have price rally to $1.09361.
Advanced upside targets exist once these initial targets are achieved.
Lower potential targets include $1.07534 and $ 1.07459.
Whatever low price will test will govern upside
-- as of now upside targets (1) is $1.0999 with recent low quoted near $1.08225.
*Again: Test of $1.0789 and Long pass above trendline will have price rally to $1.09361.
Use paired color coordination of price as direct relation-- test of one (Low) governs test of the other (high) --then beyond.
LIKE, SHARE, FOLLOW AND HAPPY TRADING!
Trade closed: target reached