Hey there! As you can see, in the 4-hour timeframe, after a decline, the price has shown a positive response from the $1.044 range, and it's currently trading around the $1.053 range. Based on the candlestick patterns, my expectation is that the price may continue to move positively toward the resistance levels at $1.056 / $1.058 with some positive fluctuations. Afterward, upon completing the pullback process, we might observe a price correction.
In the case of positive fluctuations, to gain a better understanding of the continuation of the price trend, we should closely monitor how the price reacts to the resistance levels.
✨What's your opinion? Do you agree?
🔵Remember, always conduct your own analysis and consider other factors before
making any trading decisions. Good luck!"✌️
❎ (DYOR)...⚠️⚜️
Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!
if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you!🙌✌
In the case of positive fluctuations, to gain a better understanding of the continuation of the price trend, we should closely monitor how the price reacts to the resistance levels.
✨What's your opinion? Do you agree?
🔵Remember, always conduct your own analysis and consider other factors before
making any trading decisions. Good luck!"✌️
❎ (DYOR)...⚠️⚜️
Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!
if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you!🙌✌
Note
UPDATE 1.056 🔥✅30 PIPS➖➖➖➖➖➖
▫️Well, as you can see, the price has managed to grow by approximately 30 pips to the first target of 1.056 up to this point. To better understand the continuation of the price movement, we need to see how the price reacts to the resistance range of 1.056 / 1.058. If it accompanies buying demand and consolidates above the 1.058 range, we may witness further growth towards the 1.059 / 1.061 range. Additionally, if momentum weakens and confirms on lower timeframe charts, the possibility of a correction may be considered.
Note
According to the intended scenario, the price, after completing the pullback from the resistance range of 1.056, faced selling pressure and has corrected by 89 pips up to this point.
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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.