The bears have been in the driver seat since August if this year. The way structure is lining up, it seems that the bulls will finally begin to take over. Here are 2 possible scenarios;
1. Inner structure seems to be forming a bullish wedge, a sign of bullish momentum building. Waiting to see how price reacts to 3rd touch to determine to enter or not, since this can just be a running channel.
2. price touches outer structure around 0.84 for a higher probable trade.
1. Inner structure seems to be forming a bullish wedge, a sign of bullish momentum building. Waiting to see how price reacts to 3rd touch to determine to enter or not, since this can just be a running channel.
2. price touches outer structure around 0.84 for a higher probable trade.