Price is been consolidating within a range of 0.5908 & 0.5849 which are range's immediate resistance and support. consolidation started after price broke above the neckline level of 0.5862, which was intact since 2 months.
current consolidating is expected to give a breakout on the bullish direction, as structurally it seems strong with the presence of rising trendline

However taking fresh longs should be completely dependent upon the clean breakout and confirmation from the formation. level above 0.5911 could be long setup with Stoploss of 0.5846 for the target of 0.5989 as its Target 1

only long entries should be preferred, breakdown shouldn't be considered as an opportunity to sell.

For Educational Purposes only, Not an Investment Advice, Always use strict Risk management measures.

Regards CrazyTrades247.