The price has reversed from a support zone that is lined up with the bottom of a descending channel and it's moving higher.
The price broken out of the bottom of the channel and then made a reversal bullish engulfing candle and it has the potential to move towards the resistance zone.
I will be keeping an eye on this pair next week to see how it acts at the top of the trend line. If we see a rejection, it could potentially move up to the resistance zone.
The price broken out of the bottom of the channel and then made a reversal bullish engulfing candle and it has the potential to move towards the resistance zone.
I will be keeping an eye on this pair next week to see how it acts at the top of the trend line. If we see a rejection, it could potentially move up to the resistance zone.