Technical Analysis:
The price is trading inside a bearish channel formation, but it managed to break it to the upside by leaving behind an inverse head and shoulders. This led to a reversal and then a move upward where we expect a lower correction to the neckline of the head and shoulders and then a rally toward the 1.5056 USD level.
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Trade Idea:
Buy Limit Order @ 1.4914
Take Profit @ 1.5056
Stop Loss @ 1.4849
Trade Safely ๐
The price is trading inside a bearish channel formation, but it managed to break it to the upside by leaving behind an inverse head and shoulders. This led to a reversal and then a move upward where we expect a lower correction to the neckline of the head and shoulders and then a rally toward the 1.5056 USD level.
-------------------------------------------------------------------------------------
Trade Idea:
Buy Limit Order @ 1.4914
Take Profit @ 1.5056
Stop Loss @ 1.4849
Trade Safely ๐
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t.me/tradewithpatfree
๐ฃ Our Website :
forexrobotnation.com/
๐ก Our Youtube Channel :
www.youtube.com/c/tradewithpat
โ๏ธ Our TikTok
tiktok.com/@tradewithpat