The trend is moving flat in the triangle shape. The control price is between the dynamic resistance trendline and the solid support trendline. The current trend is flat but, there are possibilities of a rise and fall.
It will touch the solid trendline, and then there are two scenarios.
If the trend bounces from that point, there will be an incremental movement, and it will touch 1.6595 (the first target), then the next target will be 1.6860.
If the trend falls, it will hit the first target (1.5960). Then it will touch the second target (1.5660).
Day Trading strategy:
From the solid support trendline, You can start to buy until the control price trendline. And you can start to sell there, until the solid support trendline.
It will touch the solid trendline, and then there are two scenarios.
If the trend bounces from that point, there will be an incremental movement, and it will touch 1.6595 (the first target), then the next target will be 1.6860.
If the trend falls, it will hit the first target (1.5960). Then it will touch the second target (1.5660).
Day Trading strategy:
From the solid support trendline, You can start to buy until the control price trendline. And you can start to sell there, until the solid support trendline.
Trade closed: target reached
