Monthly
The last 3 months have produced strong bullish price action and we firmly closed above 128.00. MAs have also crossed to the upside for first time since February 2015. Clear upward momentum.
Weekly
Strong bullish weeks recently, again with a firm candlestick close above 128.00. Last week we saw some bearish price action, this however is a pullback as demonstrated on lower time frames. MAs also upward facing.
Daily
Clear higher lows and higher highs supporting our uptrend bias. Retest and rejection off 128.00 after breaking that key area. A bearish engulfing pullback but price help at support at 128.800 with some indecisive candles. MAs also upward facing - in alignment with the bigger picture.
H4
Higher lows and higher highs again. We also have a third bounce off of our TL which is confluent with a rejection of 128.800 support and our preferred fib region. We are also gradually producing higher lows around this area of consolidation. Price has also broken our CTL and MAs have crossed to the upside. Everything is upward facing.
The last 3 months have produced strong bullish price action and we firmly closed above 128.00. MAs have also crossed to the upside for first time since February 2015. Clear upward momentum.
Weekly
Strong bullish weeks recently, again with a firm candlestick close above 128.00. Last week we saw some bearish price action, this however is a pullback as demonstrated on lower time frames. MAs also upward facing.
Daily
Clear higher lows and higher highs supporting our uptrend bias. Retest and rejection off 128.00 after breaking that key area. A bearish engulfing pullback but price help at support at 128.800 with some indecisive candles. MAs also upward facing - in alignment with the bigger picture.
H4
Higher lows and higher highs again. We also have a third bounce off of our TL which is confluent with a rejection of 128.800 support and our preferred fib region. We are also gradually producing higher lows around this area of consolidation. Price has also broken our CTL and MAs have crossed to the upside. Everything is upward facing.
Comment:
SL in profit reached.