Hey Guys!
This is purely for educational purposes. Do your own analysis before placing any kinds of trades.
As annotated in chart, we could expect price to rebound from bottom of parallel channel to top of the resistance as marked in green @1.7500 range. This is purely a technical analysis. Do consider fundamental aspects of the current situations before finalising and also look out for confirmations on daily timeframe. I can safely assume that price should grow in the long run from here. RSI showing some divergence for growth too.
Do let me know of your thoughts!
Cheers
Pips Punk
This is purely for educational purposes. Do your own analysis before placing any kinds of trades.
As annotated in chart, we could expect price to rebound from bottom of parallel channel to top of the resistance as marked in green @1.7500 range. This is purely a technical analysis. Do consider fundamental aspects of the current situations before finalising and also look out for confirmations on daily timeframe. I can safely assume that price should grow in the long run from here. RSI showing some divergence for growth too.
Do let me know of your thoughts!
Cheers
Pips Punk