Price made a higher high and now we have hopefully the higher low we expected. Minimally if we loose the higher low and price falls we need 1.0620 to hold price up. Targets - if we consider that price is making higher highs on the bigger swings then I would expect the last major swing high to be retested, three supply areas leading up to last high marked in.
Comments
edlund2005
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Do you know the stop loss and target in advance?
kate25
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a lower low, so price will continue with these lower highs and lows or it will retest the top where we should see a lower high to match our new low
kate25
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like watching paint dry but at least we still have a higher low and price just got above the last swing high on the 30 min tf but it shows us price is willing to go higher
look4edge
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classic trendfollower 10650 on retest, am in, nice catch :)
AlexBalboa
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it might just be a major reversal, but you might also be right