possible reversal?
price is at the level 1.33090 which previously was a major support level and price moved up by around 900 pips. As you can see price is currently in a descending channel, however price did bounce off the 1.33090 support (orange line) and made a bullish engulfing candle sticks. i will be waiting for price to break the channel before going long.
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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.