In my previous analysis we saw a possible price channel forming in the wedge hoping it would follow the channel. It quickly got invalidated once it broke out downwards. However it has hold the 0.075 support area with a significant price rejection and we see a possible double bottom forming, which suggests we'll see a continuation of the uptrend. However, we have to wait for it to test the resistance area to confirm this pattern and take any long positions.
Trade safely.
Trade safely.
Comment:
Additional note: If the price decides to fall and break through the support area, this chart is invalidated.
Comment:
Additional note: If the price decides to fall and break through the support area, this chart is invalidated.
