USD is strong recently and It's clear on the 1D time frame () that price action has broke the 200 EMA and going bullish. You can wait for confirmation for retest on the moving average before taking the trade. Using Fibonacci I see that it's good to go long at 50% level where there's a support forming. Take profits are divided into two steps, one that is at 161.8...
Recently we've noticed a death cross ( 50 EMA breaking through 200 EMA downwards) signaling a bearish trend and the price followed by going downwards to reach a new recent low then it pulled back. Using Fibonacci retracement place a trade on the 50% pullback. Place take profit at Fibonacci level 161.8 and stop loss above the previous high by few pips and thus...
On the daily timeframe (snapchot attached above) the price action has respected very well the channel path and now it's on the edge of going bullish. We confirm this idea by checking on the 1H timeframe that the price action has now rejected a support more than one time and it's on the way of forming head and shoulder which adds confluence. Enter this trade...
Guys this crypto has been trading in a channel and has respected the trend lines more than twice, it will most probably now pullback to 0.3 where two supports meet ( horizontal and trendline) and then bounce and reach 0.4. Gd luck on this trade! THIS REFLECT MY BIAS ON THE MARKET, TRADE SAFELY.