It seems that this currency pair has an upward trend

10 juil. 2022

As you can see, the downward channel of this currency pair is fluctuating and currently there is good overlap and resistance in the moving 20 with the ceiling of the 4-hour channel. After the valid failure of Moving 20, the first target of Moving 200 is the 4-hour period, and after that, the second target is the price action area that I specified for you. Be careful that in the daily channel, the first and second targets are exactly the middle line of the channel and the ceiling line of the channel. The 4-hour time divergence that I marked below with a black dotted line is interesting.