Two ascending support trend lines with an increasing angle. Looking for a 3rd touch of the second trend line to confirm support.
IF there is a upward break of the price range - 6.912 -> 6.9325 AND there is a retracement and retest of the upper area of the price range
THEN look for buy opportunity.
Good morning traders, this currency pair is currently in a descending channel so I expect it to sell for few easy pips, we do have a clear rejection of higher prices and a doji bar forming on the current trend line on the 2h chart. My stop is at 6.9165 and TP at 6.85. always do your own research before placing a trade.