After printing a hammer candle and closing at support yesterday the pair has broken the descending channel. It will face resistance again on the descending trendline but if that is broken the price can rally to the next resistance at 0.6720
We see in the 4H chart how the price has gone through the descending channel and has broken the structure. That is a very bullish sign.
We see in the 4H chart how the price has gone through the descending channel and has broken the structure. That is a very bullish sign.
Comment:
Another pair with very very choppy action. I am ready to exit the trade at breakeven or at a small loss unless we see very bullish action (wishful thinking)