Hello! I'm learning trading and this is my Analysis
This is an Analysis for scalping some few pips. I am assuming the price would drop down to around 1.4100. Scanning thru previous data from the chart suggests that this is a support/resistance area.
After that it could either respect the support/resistance area and push past 1.3000. But seeing as the price would hit a minor down trendline, price may retrace to 1.5000 and from there continue the downtrend.
This is an Analysis for scalping some few pips. I am assuming the price would drop down to around 1.4100. Scanning thru previous data from the chart suggests that this is a support/resistance area.
After that it could either respect the support/resistance area and push past 1.3000. But seeing as the price would hit a minor down trendline, price may retrace to 1.5000 and from there continue the downtrend.