Looking at the 8H chart, we may observe that the price has managed to close below the zone of support shown on the graph. However, we have to be careful, because there is a possibility that it is a fake breakout. That is why we have to wait for a breakout of the mini range shown on the M15 graphic before getting a clear picture and direction of the price. After a breakout and a re-test of the box, we will open transactions and aim for one of the targets indicated on the chart!
Where do you think the price is headed next, fam? Feel free to drop your predictions in the comment section below.
Where do you think the price is headed next, fam? Feel free to drop your predictions in the comment section below.