As we can see on the chart, the market is ranging i.e. the market is in consolidation. Price just hit the supply zone within (1.84105 - 1.85300).
Therefore, price can break the supply zone upward to 1.8630 or fall back to the demand zone.
We need the present daily candle to close with a reversal candle or continuation candle to confirm whether it's good to buy or sell.
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Therefore, price can break the supply zone upward to 1.8630 or fall back to the demand zone.
We need the present daily candle to close with a reversal candle or continuation candle to confirm whether it's good to buy or sell.
What do you think?
Share your opinion in the comment sectionโ๏ธ
Please support this idea with a LIKE๐ if you find it useful๐ฅณ
Follow me to receive more updates on this pair๐ค
Happy Trading๐ฐ๐ฅณ๐ค
Trading Involves High Riskโ ๏ธ
Not Financial Advice๐ธ
Use Proper Risk Management๐น
Thank you for your support!๐
NB: If you would like to have one-on-one interaction with me about analysis of coins or currency, DM me.