-This is an example of squeeze play.
-When price hits an horizontal line several times and with each time forming higher highs as it aproaches the resistance line or it prints lower lows as it approaches support.
-With our case here,we have a support line at 0.98044 and the lower lows forming along the trend line.
-An idecision candle has also been formed at 0.98382 an area that has seen a lot of price action recently.
-We could expect this one to drop to atleast 0.97260.
-Let's hold and see.
-When price hits an horizontal line several times and with each time forming higher highs as it aproaches the resistance line or it prints lower lows as it approaches support.
-With our case here,we have a support line at 0.98044 and the lower lows forming along the trend line.
-An idecision candle has also been formed at 0.98382 an area that has seen a lot of price action recently.
-We could expect this one to drop to atleast 0.97260.
-Let's hold and see.