The overall trend is ascendant. The descending wave pattern of the H8 level is truncated. There is a bullish divergence on the Awesome Oscillator, and the moving averages of the Stochastic Oscillator left the oversold zone. The inclined channel of the descending pattern is broken through.
Trading idea:
Buy on the breakout of 0.8553 (when the ascending wave pattern is formed). Buy Between 0.84900 ~ 0.85200 Stop Loss: 0.8440.
@SamrinaFarrukh2021, you have shared great analysis though.....just a friendly advice....please choose long option where u r giving long call.....all your analysis shows short option but in charts at time you suggest to go long.....probably you are clicking wrong tab while publishing your idea