Following yesterday session, price has dipped towards the Fib region which has confluence with the SMA 50 and Institutional Level 1.222 where it has found a new Support as it was rejected strongly.
My bias for this pair is currently Bullish and I will only be looking for Buy. As of now, price is currently testing the EMA 14 trying to break above it. I'll expect price to retrace towards the Fib Region to form a potential Double Bottom before it get another leg up.
Bias = Bullish
Structure = Forming HL
Setup = 4H EMA C FB, 79 Bounce
My bias for this pair is currently Bullish and I will only be looking for Buy. As of now, price is currently testing the EMA 14 trying to break above it. I'll expect price to retrace towards the Fib Region to form a potential Double Bottom before it get another leg up.
Bias = Bullish
Structure = Forming HL
Setup = 4H EMA C FB, 79 Bounce