The price has offered us a bearish channel before breaking to the upside. now we are in a pullback. A few days ago, the price seems to be holding the support of 0.013136 very well and that is why I have decided to go long. even so, you have to watch in case the price wants to reach the previous support of 0.013000. In case of falling to the second support, it would be a good idea to try to go long again.
You have to be careful and analyze the price action before making the decision. We must think that nobody knows what will happen. I'm just trying to put the odds in my favor. Then the price will do what it has to do. So let's see what happens.
I agree with your analysis. I have been watching the 0.013 level. I believe we saw a false breakout.
According to my strategy. my analysis as follows.
p.s you might remember it's the same strategy i did on your GBPPLN sell analysis. Happy trading.
MGRAELBA
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@Muulu, Thanks for your analysis. It is interesting. Let's see if the price is able to hold the first support. According to my technical analysis, the trade meets my setup but they are probabilities. All the best.