Price may pull back to 38.20% Fib/ 1.51872 Support area before a rise to 0.382-0.5 Fib Extension/ downtrend line(resistance area). We could also see a breakout of the triangle when we reach this area. Price has currently found support at 1.52302, I'll keep you all posted.
Note
Note
Not managed to update my ideas due to work but I entered this trade after the bullish pin bar at 1.53204 and exited after we hit the trend line expecting a retracement. New chart for this pair is coming.
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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.