Price just broke above the local structure level and with that previous downtrend is now invalidated. Also, the head and shoulders pattern at weekly support indicate a strong trend reversal signal. When considering all these technical factors we can expect a bullish price movement.
If the price starts moving higher, we will closely manage our risk and always focus on cut our losses short.
Disclaimer: Trade Revenue Pro’s view on the Forex Charts is not advice or a recommendation to trade or invest, it is only for educational purposes. Don’t Blindly Buy or Sell any Asset, Do your own analysis and be Aware of the Risk.
Keep in mind, These are Just Market Predictions and not a Trade Signal or Trade Ideas, At Trade Revenue Pro We are Using Daily Time Frame to Identify Major Price Movements and Push Down 4-Hour Time Frame to Get Favourable Risk to Reward For Our Trades, Furthermore, We are Using Tight Risk Management Method to Preserve Our Trading capital.