LONG TERM VIEW ON THIS ONE. Pointing this out early, so this is not going to be actionable for a while yet.
The key weekly level at 0.77500 is what we are waiting for to break and have price retest. Price seems to be forming an ascending triangle on the weekly.
Price is starting to show signs of being squeezed, we may get a bounce off the ascending triangle, another bounce lower from 0.77500 followed by another bounce off the ascending triangle higher.
The arrows on the chart show over all what i'm waiting to see hopefully. When key levels break they usually do so with force. So we need to wait for this trade.
The key weekly level at 0.77500 is what we are waiting for to break and have price retest. Price seems to be forming an ascending triangle on the weekly.
Price is starting to show signs of being squeezed, we may get a bounce off the ascending triangle, another bounce lower from 0.77500 followed by another bounce off the ascending triangle higher.
The arrows on the chart show over all what i'm waiting to see hopefully. When key levels break they usually do so with force. So we need to wait for this trade.