ANALYSIS 🔎 - FORBUSD was consolidating in the symmetrical triangle pattern. - Price brokeout above the symmetrical triangle's inclined resistance. - The market hit a swing high and retraced. - Price is retesting the symmetrical triangle's inclined resistance, horizontal support level (S1) and the key fibonacci retracement zone (0.5 - 0.618 - 0.786). - There's a relatively high concentration of buyers at this zone. - The retracement is resisted by the descending trendline resistance (DTR). - Breakout above this descending trendline resistance could be an uptrend continuation signal.
BUY ENTRY ⬆️ - Breakout above the descending trendline resistance. - Retest of the descending trendline resistance after the breakout.
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