The counter is in a bearish flag formation.
It has completed two leg of its movement and it has one more leg due before the breakout.
It is currently at its support trendline and the RSI indicator is lurking at the bottom.
Hence, we expect the pair to gain momentum and head to the resistive trendline.
It has completed two leg of its movement and it has one more leg due before the breakout.
It is currently at its support trendline and the RSI indicator is lurking at the bottom.
Hence, we expect the pair to gain momentum and head to the resistive trendline.
Trade closed: target reached