The price has been in a downtrend sice covid, it clearly has broken the trend as it starting to make higher highs and higher lows.
Let's see if it'll break the 105.00 mark first (today) and the 106.00 level subsequently for a confirmation of trend reversal
Let's see if it'll break the 105.00 mark first (today) and the 106.00 level subsequently for a confirmation of trend reversal
Note
120 pips profit since I uploaded the idea, price is now ranging around the 106.00 mark. My bias rests the same at I believe that 106.00 will be broken in the medium term
Trade closed: target reached
Respected my analysis, hope you guys took advantage of it.
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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.