Bullish Engulfing
- need to close the day on the high in order to have more gains
- need follow up buying on the next candle
Targets are:
- 0.78095 which is 100 dma (also coincide with 38.2% Fib)
- 0.78768 which is 50% Fib followed by 0.79442
Weekly Chart:
- RSI bullish divergence continues
- 20 WMA is a magnet 0.7774
- Fib from Sept 14 High to April 15 low has 23.6% at 0.79662 followed by 38.2 at 0.82386
Invalidated if:
- USD bull flag occur
- need to close the day on the high in order to have more gains
- need follow up buying on the next candle
Targets are:
- 0.78095 which is 100 dma (also coincide with 38.2% Fib)
- 0.78768 which is 50% Fib followed by 0.79442
Weekly Chart:
- RSI bullish divergence continues
- 20 WMA is a magnet 0.7774
- Fib from Sept 14 High to April 15 low has 23.6% at 0.79662 followed by 38.2 at 0.82386
Invalidated if:
- USD bull flag occur