Overall trend on Weekly/Daily timeframes are BULLISH.
Price created a higher high and is currently pulling back.
Couple areas are marked as part of my confluence to identify where to market will potential reverse from.
Once price reaches this area, we will wait for a break and retest of this level and enter the market then.
Our first zone @ 109.850 has shown a potential control of the buyers, we see a break of structure on the lower time frame (LTF).
Placing buy limit order @ 109.866
Stops @ 109.781 (8.5 pips)
Take Profit @ 110.200 (33 pips)
Price created a higher high and is currently pulling back.
Couple areas are marked as part of my confluence to identify where to market will potential reverse from.
Once price reaches this area, we will wait for a break and retest of this level and enter the market then.
Our first zone @ 109.850 has shown a potential control of the buyers, we see a break of structure on the lower time frame (LTF).
Placing buy limit order @ 109.866
Stops @ 109.781 (8.5 pips)
Take Profit @ 110.200 (33 pips)