The price is in an ascending channel, the slope has become steeper, but it faces weak demand. If it does not cross the resistance level, it can go to the black support level by breaking the blue trend line and fall with the cross line of 1.4565 to 1.3735. Set your stop loss at 1.6148 and your entry point is 1.57, with a profit limit of 1.3735.
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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.