1.double bottom.
2.when comparing the two circles, we can see price reached the top faster and in a shorter time at the second circle. which indicates increasing strength to the up side.
3.three bullish candle reversed at a support level. this confirms buyers are trying to move the pair higher
I think consolidation is likely but over all it looks thirsty to go up. if price breaks below the trend line then it should test the bottom.
2.when comparing the two circles, we can see price reached the top faster and in a shorter time at the second circle. which indicates increasing strength to the up side.
3.three bullish candle reversed at a support level. this confirms buyers are trying to move the pair higher
I think consolidation is likely but over all it looks thirsty to go up. if price breaks below the trend line then it should test the bottom.
Comment:
PRICE FAILED TO BREAK THE SUPPORT AGAIN AND REVERSED.
