The price break bearish channel after May 10. Now, since April 12, we moving up in bullish channel what is good possibility for long trade.
Now price is taking a breath and is going down to retest support between 1.08075 - 1.0787 which is good level to take the long trade. We have a lot of confluence there. On this level is also 0.618 fibonacci retracement and our trend line of bullish channel.
I'm waiting for good price action signal or just rejected this price level.
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.