The price is moving in a descending channel on the 4-hour frame and is sticking to it very well and is expected to break it upwards and it has already been broken
We have a bounce from a major support area in green at 0.1550
We have a downtrend on the RSI indicator that has been broken upwards which supports the rise
We have a trend to stabilize above the 100 moving average which supports the rise
Entry price 1.20 First target 1.36 Second target 1.50 Third target 1.66
Trade active
First target 1.36 Active
Note
First target 1.36 Reached
Second target 1.50 Reached
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