$FLUX WILL BREAK ABOVE A $ 📈
Bullish fair value gap (FVG) tested and stays valid, now the Bearish FVG is being tested.
📊 As of now the price is facing strong resistance at $0.7 and we've witnessed multiple rejections on this 4H chart.
Post formation of that gigantic candle on Aug. 18, the price has been trying to close above the Bearish FVG rectangle but rejected. Closing above that rectangle will make the Bearish FVG invalid and the upward move will continue.
Also higher lows are forming at this time frame which shows a strong bullish outlook in the long term. As a result a symmetrical triangle has formed on the chart. Although a symmetrical triangle could be an opening of either side movement, but here the oscillators are highly bullish signalling a strong buy.
🔸After $0.7 is broken, the next hurdle will be at $0.8 followed by $0.9 and the pivotal level of $1.
*This is not investment advice. Please do your own research before investing.
