Hello friends
Considering that the current trend is not above the range of $0.8839, the possibility of continuing the upward trend from this range is weak.
There are two situations, or an increasing trend is formed from this range and the white area ($0.8839) is completely consumed.
Or from this price range, a corrective trend can be formed up to the area of $0.8212.
If the first mode is implemented, that is, the range of $0.8839 is consumed in the same movement, the validity of the area of $0.8212 will increase.
In the upward trend, the range of $0.8674 has been completely consumed, as a result, the pink area is valid and the probability of reaction to this range is high.
What do you think?
Considering that the current trend is not above the range of $0.8839, the possibility of continuing the upward trend from this range is weak.
There are two situations, or an increasing trend is formed from this range and the white area ($0.8839) is completely consumed.
Or from this price range, a corrective trend can be formed up to the area of $0.8212.
If the first mode is implemented, that is, the range of $0.8839 is consumed in the same movement, the validity of the area of $0.8212 will increase.
In the upward trend, the range of $0.8674 has been completely consumed, as a result, the pink area is valid and the probability of reaction to this range is high.
What do you think?
Trade active:
So far so pretty, according to the analysis, a corrective trend is being completed
Trade closed: stop reached