MARKET ANALYSIS: The pair is now trading near the demand zone . Now after the completion of the head and shoulder pattern, We can see a double bottom which has been formed now. If the market sustains above the double bottom level. We can expect a uptrend early. In case demand breaks wait for the market to reach the 61.8% level then can enter a long position again. So lets wait and see what the market does in the coming days. Cheers!
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.