Hello Traders, I’m Mani and I’m the writer of Trade 77 section, please follow me on twitter for further updates.
Once again at 0.8600 area! Will it make it to close above this level? Or will bounce off again with embarrassment?
If it broke that level then 0.8650, 0.8700 would be next levels to watch and if it bounced off that level then it could fall and reach at least 0.8525 which is the trendline.
So I’m looking for price action here and for breakout we need a four hour candle close completely above 0.8600 level and for selling scenario will look at possible candlestick patterns in hourly timeframe to go short. Currently in hourly timeframe we have a long tail to the upside which shows we might see a reversal pattern here.
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