I have established a downtrend within the H4 and H1 time frame. Price closed on the 0.83851 support level, I anticipate two probabilities: a respected double bottom pattern or a continuation of the trend, reaching for a lower low.
We'll wait and see how the market opens.
We'll wait and see how the market opens.
Comment:
The market opened opened with a gap and has been experiencing a bullish rally headed for the 0.84554 resistance level.
Comment:
Price went beyond the descending trendline and 0.84554 resistance level.
The bullish rally continued & reached the 0.85327 resistance level.
The bullish rally continued & reached the 0.85327 resistance level.