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This Pair has entered a New Bullish Ascending Channel after a lot of Compression by Sellers. Buyers have pushed the price upward and broken the 1.0700 Resistance Level .
Price is currently at 1.0800 Resistance Level and has hit the Trendline Resistance. So we have two types of Resistance at this point. Horizontal Resistance & Trendline Resistance.
Trade Idea:
This is a Bull Market, So only look for Buys. Wait for the Price to fall to the 1.0773 Support level which is also a Fibonacci Support level . Then enter for a Buy (Go Long).
First Target TP is 1.0822 level.
Second Target TP is 1.0875 level.
Use Good Risk Management and don't forget to set a Stop Loss.
Price is currently at 1.0800 Resistance Level and has hit the Trendline Resistance. So we have two types of Resistance at this point. Horizontal Resistance & Trendline Resistance.
Trade Idea:
This is a Bull Market, So only look for Buys. Wait for the Price to fall to the 1.0773 Support level which is also a Fibonacci Support level . Then enter for a Buy (Go Long).
First Target TP is 1.0822 level.
Second Target TP is 1.0875 level.
Use Good Risk Management and don't forget to set a Stop Loss.
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