The price already touches monthly demand area which is very strong, so we will expect the price to bounce up and breaking weekly supply area.
In 4H timeframe the price already breaks 4H trendline, expecting the price will be dropping to 1.20548 area so we can prepare to going long and set the target around 1:5 reward ratio or 1.22207 area.
In 4H timeframe the price already breaks 4H trendline, expecting the price will be dropping to 1.20548 area so we can prepare to going long and set the target around 1:5 reward ratio or 1.22207 area.
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.
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.