A clean break of a descending channel off a third touch and bounce off a strong support level on the daily time frame. With this impulse we had, we can expect a continuation pattern to form that could potentially align with a 50% - 61.8% retracement to provide a retest of the overall descending channel we broke out of. Price action will provide us with a signal to enter our trade when it presents itself. I am expecting price to eventually reach 1.33 as we can see on the weekly time frame we have broke out of a big overall downtrend. This is just an IDEA.
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Sorry I had accidentally upload this idea twice. Didn't know it took 15 minutes to fully upload and appear.
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.