As you see, the price has also moved like dot, after breaking the downward trend line, it has entered a range channel and has reacted to the ceiling and floor of this channel.
Now the price has reached the ceiling and this channel, which is an important price action area, and according to the oscillator and the reversal candle, we can receive a signal to enter the short position we can place an order on 0.887708 and consider the loss limit above the resistance range, and the price range of 0.854993 can be our target.
If this does not happen and the price breaks the resistance range, we can expect the price to grow up to the 0.925543 range.
Now the price has reached the ceiling and this channel, which is an important price action area, and according to the oscillator and the reversal candle, we can receive a signal to enter the short position we can place an order on 0.887708 and consider the loss limit above the resistance range, and the price range of 0.854993 can be our target.
If this does not happen and the price breaks the resistance range, we can expect the price to grow up to the 0.925543 range.