Looking back at our previous analysis, we managed to TP at the support level @0.8475 price level. However, further BEARISH movement failed to happen. After which, we saw an impulse BULLISH candle. As of now, what we are hoping to see is a correction candle or even an impulse candle to the downside to signal to us a potential BEARISH continuation. Having said that, if we managed to see an impulse candle, we can be prepared to see a breakout at 0.8475 price level. If not, I am looking at consolidation phase. Do keep a lookout for confirmation candles.
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Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!
