Started my analysis on the daily chart to view the trend, once identified noticed the small downtrend forming within the enclosing triangle, added some support lines along with the downtrend till it hit the last lowest support line, predict the trend will be rejected by the support line and return to the obtuse triangle, once the moves pass the second resistance (S2/R2) expect a BUY STOP trade to reach the first resistance (S1/R3) as TP @1.41371, SL @1.39507 from BUY STOP @1.40266
Commentaire:
BUY STOP is soon to be triggered to head into the predicted TP