On the 5th of February 2021, the price got a strong rejection on the at about 0.75900, quickly moving up breaking through S/R zone at about 0.76650 and continuing the same trend until the dynamic resistance of the symmetrical .
Since the beginning of January 2021 the price bounced on that level many times, and it is currently re-testing the same dynamic line.
The high and a nice condition of overbought just around the current dynamic line, are a possible sign of inversion and I'm confident to see a movement until the at about 0.76500 and eventually until the secondary trendline.
I'm currently holding a short position on this trade.
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⚠️Please note the views are not investment advice and should be used only for educational purposes⚠️
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