Wait | 18 October 2023

Technical observation

On the chart above, the price is trading with an increasing bullish bias between a supportive level 0.9545 and a resistance zone 1.1512-1.1453, this upwards movement is a correction to the zone I have mentioned above and I expect a possible rejection within it followed by a rejection within it or a clear break above it with a big green candle. My advice, remain neutral and wait for a retracement to the zone indicated above then sell a bounce within it with your take profit at 0.9545 and stop-loss at 1.1885. If the price declines below the level 0.9545, continue short after a pullback and a bounce at the broken line.

Trade recommendation

Remain flat.