Price Action: Bullish
Pattern: Break and retest of trend resistance + resistance
Long-Term Momentum: Bullish
Short-Term Momentum: Bullish
Action: Ride U.S. pairs up to daily resistance then sell holdings
Comments: Price has been moving in a nice bullish manner; however, price has yet to connect with any EMA’s since breaking the range. Chances are there will be a rejection ofdaily resistance followed by a correction which will hopefully lead to a connection of the 29 EMA. This would be a healthy sign. Need to monitor on the 4H to confirm price action.
Pattern: Break and retest of trend resistance + resistance
Long-Term Momentum: Bullish
Short-Term Momentum: Bullish
Action: Ride U.S. pairs up to daily resistance then sell holdings
Comments: Price has been moving in a nice bullish manner; however, price has yet to connect with any EMA’s since breaking the range. Chances are there will be a rejection ofdaily resistance followed by a correction which will hopefully lead to a connection of the 29 EMA. This would be a healthy sign. Need to monitor on the 4H to confirm price action.