The price broke out of the descending triangle and has been consolidating between the 0.1 and 0.3 zone. The price was rejected at the major resistance and it's about to retest local support. If the support holds, a break out is likely. The support coincides with the 78.6% fib retracement.
Average entry: 0.12
Target: 0.13-0.16
SL: 0.11
The set up would be invalidated if the local support doesn't hold
Average entry: 0.12
Target: 0.13-0.16
SL: 0.11
The set up would be invalidated if the local support doesn't hold