Range-bound trading since last June

٢ نوفمبر ٢٠٢٣

I usually start with a higher weekly timeframe to analyze the market structure & will only go into the Daily timeframe, or lower, if the weekly chart is interesting.

I am not expecting much action until the Resistance of 0.59 is broken.

As per title, it is now trading in a Consolidation phase after the sharp Down Trend from Apr 11th to Jun 13th last year.