As it can be observed from the 3h timeframe graph, the price is currently sitting on a previous zone of resistance which now acts as an area of support. We can identify several attempts of the price trying to break below this level but failing and leaving long wick candles. This gives us confidence that a potential bottom has been formed and the price is preparing to keep pumping to the upside from here.
We are closely observing the situation and waiting for the right time to enter long positions and aim for the 0.986 zone of resistance as illustrated on the chart.
We are closely observing the situation and waiting for the right time to enter long positions and aim for the 0.986 zone of resistance as illustrated on the chart.
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