Since December 2020, the price has been moving getting many rejections on a strong daily at about 0.89200, creating a possible inverted pattern.
It is currently re-testing the same level and the next price action around that level will be essential to understand the next market movement.
The is usually a market reversal pattern, obviously it depends on the circumstance, so I'm confident to see the price getting an upcoming uptrend, breaking through the strong daily .
I'll be waiting for a proper breakout before planning my long position.
Stay tuned for Updates and Trading Signals!
What's your opinion? Share your idea writing a comment!
⚠️Please note the views are not investment advice and should be used only for educational purposes⚠️
Trade Safe and Responsibly,