Trending- downward on weekly chart. Previous resistance 0.8780 and moved up to 0.9000 and then came down breaking 0.8780. Found the support at 0.8624. Formed Engulfing bullish candle in w/c 12.07.2021 and closed above 0.8780. In the w/c 19.07.2021 touched a high of 0.8900 and came back to test 0.8780.
Bullish scenario upto 0.90 and SL 0.87
The Next Day Daily candle following the Daily candle closing above 0.8780 found low of 0.8761 and then moved upto 0.8900. After touching 0.8900, price came close to 0.8761 again and thus opened the 1st buy position at 0.8768 and will continue to add more and book profits as well until the price reaches the target 0.90 or hit the SL 0.87.
Bullish scenario upto 0.90 and SL 0.87
The Next Day Daily candle following the Daily candle closing above 0.8780 found low of 0.8761 and then moved upto 0.8900. After touching 0.8900, price came close to 0.8761 again and thus opened the 1st buy position at 0.8768 and will continue to add more and book profits as well until the price reaches the target 0.90 or hit the SL 0.87.