On the daily timeframe, the price is in an uptrend but has recently started creating lower highs and lower lows. However, it failed to break the lowest low, forming a large wicked candle at 2.06806, indicating a possible demand zone and leading to consolidation.
I am waiting for the price to break the most recent high and then retest that level to confirm my entry at 2.08941.
The stop loss will be set at the most recent low 2.07450 & Take Profit at 2.12414
I am waiting for the price to break the most recent high and then retest that level to confirm my entry at 2.08941.
The stop loss will be set at the most recent low 2.07450 & Take Profit at 2.12414
Order cancelled