On the break of the trendline, a low was formed upon support of 1.04980, and then a higher low followed. The price is expected to rise and reach the QML near 1.08000. And it has the potential to go further up to 1.0900 for a bias of 1.09891.
Because of the slope, a heikin ashi candle is possibly best for this setup as the price can reverse.
High Risk Setup.
Because of the slope, a heikin ashi candle is possibly best for this setup as the price can reverse.
High Risk Setup.
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