There is a bullish outlook on both the Weekly and Daily timeframes with higher highs and higher lows forming.
The Weekly Trend line (a key level) has been hit - price could be bouncing off this level. It is also still battling with a Daily support (another key level)
An inverse Heads & Shoulders is forming on the H4 timeframe which provides good entry points. However price may create a fakeout (spring) on the trendline and go on to create a second bottom of a Double bottom if it hits the range between 1.64000 and 1.63400.
First take profit is where the supply zone and Weekly resistance converge around 1.69776 and 1.70642
The Weekly Trend line (a key level) has been hit - price could be bouncing off this level. It is also still battling with a Daily support (another key level)
An inverse Heads & Shoulders is forming on the H4 timeframe which provides good entry points. However price may create a fakeout (spring) on the trendline and go on to create a second bottom of a Double bottom if it hits the range between 1.64000 and 1.63400.
First take profit is where the supply zone and Weekly resistance converge around 1.69776 and 1.70642
Trade active:
Price beautifully went down to form right shoulder of the inverse H&S which is where we took entries. It has now broken through the trend line and Daily resistance. More entries can be made on retest of the Daily key level which is now a support.
Comment:
Price has retested the Daily res which is now support - was a fantastic opportunity for more entries. We're now on our way 1.68240 🚀
Trade active:
Price has smashed 1.68240!! Let's keep going 🚀
Comment:
Price had made a sudden drop to our Daily support + Trend line but couldn't stay there as it came right back up. The bulls are in charge. UP WE GO. 🚀
Comment:
The market has been choppy, but the consensus remains the same. UP WE GO