In this time I am going to look a long in this pair because I can see a strong double bottom formation with strong demand area. After touching this demand zone, price bounced back and now making a triangle breakout.
The breakout from the triangle gives more power to the upside move, and I am expecting price to continue bullish till 172.900 level. After reaching this zone, I will wait to see how price reacts for next move.
This is just my view based on pattern and breakout.
The breakout from the triangle gives more power to the upside move, and I am expecting price to continue bullish till 172.900 level. After reaching this zone, I will wait to see how price reacts for next move.
This is just my view based on pattern and breakout.
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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.