I'm not so sure about the escape of the downtrendline on this pair. Because i see it trading in a narrow range at the channel border. That is not a bullish sign if you ask me.
BUT why should we ignore the rounded bottom? It offers at least 300 pips untill resistance is met again. I'm looking for a long at opening, with a TP at 1.49. From there I will see what to do, personally I expect a drop to form a cup with handle here.
BUT why should we ignore the rounded bottom? It offers at least 300 pips untill resistance is met again. I'm looking for a long at opening, with a TP at 1.49. From there I will see what to do, personally I expect a drop to form a cup with handle here.