the price got a rejection from the monthly resistance on 0.91$ after a bullish impulse. After that, the price created a bullflag above the daily resistance on 0.70$ where the price retested the 0.618 Fibonacci level
On 4h Timeframe, the price is in the accumulation Phase below the monthly resistance on 0.77$
how to approach? I'm monitoring the price, I'd like to see a clear breakout from the bullflag. After the breakout I could see a rejection from the 0.78$, it's a monthly one. If the price is going to have a breakout of it and satisfy my rules, I can Open a new long position with a very nice risk reward. –––– Keep in mind.
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