is currently testing the lower triangle trendline
. There is also a support zone
around 0.70750 to 0.70660 where we have multiple tests of support / resistance in the past. Stochastic
is oversold, we have yet to see a bullish
crossover which looks imminent. Stochastic
is also showing divergence where we have a broadening formation which does not confirm the price action.
Possible Long Trade Set Up:
at this point we will have broken below the trendline
and taken out the previous swing low.
this area should see a retest of the upper triangle trendline