Based on the theory of price action, this analysis has been conducted.
As a result of this analysis, it can be seen that the price is following an ascending channel with bullish pressure. During this time, multiple pullbacks and recoveries have been seen in the price. Likewise, the price broke its range at 1.23139 and gave us a retracement with a double top formation at 1.24424 and 1.23139, respectively. In this case, if the price continues to follow the channel, then we have a tragic price of 1.24424. However, if the price breaks the channel, then we will look for support at 1.22110 and 1.21096 on the downside of the price.
You will be able to find your most profitable trades by studying this analysis. This is because Enclavefx believes in improving the knowledge of our clients & followers, so you will be able to make the right trade.
As a result of this analysis, it can be seen that the price is following an ascending channel with bullish pressure. During this time, multiple pullbacks and recoveries have been seen in the price. Likewise, the price broke its range at 1.23139 and gave us a retracement with a double top formation at 1.24424 and 1.23139, respectively. In this case, if the price continues to follow the channel, then we have a tragic price of 1.24424. However, if the price breaks the channel, then we will look for support at 1.22110 and 1.21096 on the downside of the price.
You will be able to find your most profitable trades by studying this analysis. This is because Enclavefx believes in improving the knowledge of our clients & followers, so you will be able to make the right trade.
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