Price is moving inside the channel and has bounced off the supporting channel trendline for the third time.
We now see that price has broken the resisting trendline on the H1 timeframe. Anticipating a pullback/retest on the highlighted rectangular support and a rally up to 0.69700.
My bias is bullish.
We now see that price has broken the resisting trendline on the H1 timeframe. Anticipating a pullback/retest on the highlighted rectangular support and a rally up to 0.69700.
My bias is bullish.
Trade closed: target reached:
We didn't get a pullback but price rallied up as anticipated.