A triple truncated descending pattern formed on the chart. The descending truncated pattern of the M30 level ended with the breakout of the inclined channel. Bullish divergence has formed on Awesome Oscillator, and the Stochastic Oscillator indicator lines are directed upwards. The breakout of 0.8562 will result in the formation of an ascending structure.
Trading recommendatoins:
Buy above 0.8562 (while an ascending pattern is forming).
Stop Loss - 0.8545.
Target levels - 0.8584; 0.8600; 0.8620.
If the price drops to the minimum range (0.8545), cancel the trading plan.