#PDA
The price is moving in a descending channel on the 12-hour frame and is sticking to it very well and is expected to break it upwards
We have a bounce from a major support area in green at 0.0400
We have an uptrend on the RSI indicator that was broken upwards which supports the rise
We have a trend to stabilize above the 100 moving average which supports...
It has a bullish structure and we have a bullish CH and BOS on the chart and the trigger line is broken.
We are looking for Buy/Long on the demand range
The targets are marked on the picture
Closing a daily candle below the invalidation level will violate the analysis
Note that the financial market is risky, so:
Do not enter any position without confirmation...