HORIZON: SHORT TO MEDIUM-TERM
After dipping into multi-time frame structural support, price printed a candle on both H4 and H1 time frames. On the lower time frame, we can see that price has slightly broken the recent swing high, formed and retested the support. Price could continue climbing higher, otherwise, it could break down and possibly form a in the multi-time frame structure.
TP 1 @ 1:1 R:R
TP 2 @ 2:1 R:R
Stop loss will be slightly below the at 1.51000 range.
Let's see how this works out! Cheers!
Lets see if it will climb to reach TP 2! Cheers!