We can properly see a descending triangle figure applied on this market; after a clear downtrend the price broke the channel pushing up.
We expect the price reaching back the previous resistance at 1.3863 (base of the triangle), and it could be an interesting position considering the Stochastic oscillator oversold.
Let us know if you like our idea, leave a comment with your opinion and don't forget to follow us!
Enjoy Traders!
GMPinvestors
We expect the price reaching back the previous resistance at 1.3863 (base of the triangle), and it could be an interesting position considering the Stochastic oscillator oversold.
Let us know if you like our idea, leave a comment with your opinion and don't forget to follow us!
Enjoy Traders!
GMPinvestors
