Buy 6RR scenario for UDUSD

Simple price action technical analysis, based on SR and trend lines.

Price has reached ad e very strong Support level, and a break under this has been invalidated, creating a false break.

There is one possible scenario:

Entry - Aggressive entry at the support level.
SL - under the false break, at 0.6660 level.
TP1 - 0.685 at the first resistance level.
TP2 - 0.702 at the next resistance level.


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Комментарий:

The price is consolidating in a sideways channel. Usually this is a continuation pattern, or in this case, the price is expected to fall. Still, caution is required with FED news today.

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