In the weekly time frame, since March 2020, the price has been moving following a strong trendline, bouncing few times on its dynamic support.
It has currently reached an interesting S/R area that rejected the price many times in the past.
In the daily time frame, the price is still moving with a clear movement, without giving us any sing of weakness.
It has currently reached a strong and the dynamic resistance of its .
In the h4 time frame, on the 18th of January, the price got a strong positive impulse that moved it up until the weekly . The next price action around that level will be essential to understand the next market movement.
During the last 2 days, the price has been moving with a really strong impulse, breaking through the daily at about 141.243 and getting easily about 200 pips.
I'm confident to see the price getting a retracement and eventually I'll see a proper rejection on the current level, I'll start planning my short trade until the next at about 141.243.
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⚠️Please note the views are not investment advice and should be used only for educational purposes⚠️
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