A converging channel is forming and we are expecting the price to reach the top of the channel again.
I caught a trade earlier today and I forecasting the market to see if there will be another trade possible. We already have a channel break and retest going on which would've been a good entry, but there is a strong resistance zone around the 0.75377 level. I will be waiting for the break and retest of the zone in order to enter the market again.
This is a beautiful low-risk, high-reward trade that I executed. I spotted a head and shoulders pattern that bounces off of a support zone. The upward momentum is getting stronger so we are expecting a higher high.
Consolidation on a lower timeframe formed a channel, price then the channel and is now continuing the downward movement
This is a long-term trade, but the Bullish pattern is continuing after the test on the Fibo 61.8