The price perfectly fulfills my last idea. It reached support level. The market formed divergence and it's oversold at support level. The price is ranging at the strong support level. The market bounced off the support before and now after another test price action basically made a double bottom on the 4H timeframe. I expect the price to breakout of the channel and go up from the strong support level. My goal is to resistance around at 1.08150
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Not the most common proposition based on the current market conditions. Generally, it is possible assuming all arguments work out, so thumbs up just for this!
ArmanShabanTrading
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Great forecast, friend!
kolioali
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Do you think it will reach 1.10800 ?
thunderpips
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Watching price behaviour as well. Thanks for sharing.
FOREXN1
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Interesting scenario. I also Think the price may experience another Bearish impulse.