Looks like an accending channel.
Buying at 1.0554 looks looks like a reasonable call.
With potential resistance at 1.0554 to 1.0600,
40 to 50 pips looks like a good place to be.
Dandare
Broken trendlines, bearish 123 pattern.
Price is going down on your chart.
Thanks for the replies.
Your right about the 1 hour chart.
Perspective always changes when looking at
different time frames.
The lower trend line was incorrect in the previous jpeg.
It is correct now.
I’m new at this and placing trend lines is a bit of a challenge.
It seems 10 different people can often see 10 different trends developing
on the charts.
I guess that’s what keeps it interesting.
Thanks again.
Dandare
