Broke out Descending channel and Started making Higher highs. Possible to make a Higher low on Fib 50 or 61.8 level. 0.7312 is a strong support level and it is possible to bounce from that level. If it shows strong green candles it is possible to go upside.
Note
4 hours candle is rejecting 0.7312 level and RSI shoring divergence If this 4 hours candle closes bullish. Good conformation to open position.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.