The downward trend here was broken on January 6 and we saw an increase to 104.40.
After that, the pair failed to continue up, and we see consolidation in the form of a triangle.
In order to enter into a trade, we must see a breakt in resistance.
This will allow the price to rise to:
104.62
and
105.30
DO NOT enter into a trade until there is confirmation of the situation!
If you have questions about how to trade this or another situation, contact us!
To support us, like and comment!
After that, the pair failed to continue up, and we see consolidation in the form of a triangle.
In order to enter into a trade, we must see a breakt in resistance.
This will allow the price to rise to:
104.62
and
105.30
DO NOT enter into a trade until there is confirmation of the situation!
If you have questions about how to trade this or another situation, contact us!
To support us, like and comment!
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💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
