Hi, as seen on the chart, the pair is closed to a big trend line acting as a potential support. In my opininion I think that the price will trigger a rebound this trend line. The reversal will face then to a potential resistance around 0.8680.
The setup will be invalidated if the price goes and closes below the trend line. It is important to wait for a reversal confirmation with a bullish candlestick H4 or D1.
Hope this helps
The setup will be invalidated if the price goes and closes below the trend line. It is important to wait for a reversal confirmation with a bullish candlestick H4 or D1.
Hope this helps
Note
For now, there is no break down confirmation. The setup is still active.
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My free forex signals in real time: bit.ly/3RTlKwZ
My track record: bit.ly/4jFJ6nj
My track record: bit.ly/4jFJ6nj
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.