The Currency Pair is trading in a range at lower levels. The  Pair is consolidating between 20.10-15.79, we need to wait for the Pair to break beyond this level, if the security is able to break on either side, according to that we will suggest taking a position.

If the breakout is on the upside the pair has to close above 20.10, wait for one candle to close above this level, if it is able to close above the mentioned level start buying.

If the RSI is trading above 73 ignore the breakout.

If the breakout is on the downside the Pair has to close below 15.79 levels, wait for one candle to close below the level, if it is able to close below the mentioned level start selling.

DOT/USD

Mar 15 2022