Currently ccy pair seems to be trading in an upward channel on the 4H timeframe.
When we look closer on the 1H timeframe, it seems like price is currently closing lower at each hour.
What I will do now is to wait for a breakout of the downtrend line as per on the chart; if there is a 1H candle stick closes above 1.18204, we can expect a retracement in which then go long.
Do drop me a like and share with me your analysis too!
When we look closer on the 1H timeframe, it seems like price is currently closing lower at each hour.
What I will do now is to wait for a breakout of the downtrend line as per on the chart; if there is a 1H candle stick closes above 1.18204, we can expect a retracement in which then go long.
Do drop me a like and share with me your analysis too!