Description
⋅ W Formation formed on the Currency Pair.
We had strong signs from the indicators including
7>21>200 - Bullish
RSI>50 (Higher Lows)
Target 157.57
As there is high volatility in the market (with whipsawed wicks), it's for this reason we would place the stop loss below the second Ronding Bottom.
SMC
Also below the 2nd RB is a Sell SIde Liquidity Order Block, which SM is buying into. Hence the price is heading up.