Monthly
MAs upward facing - we did have a spinning top and a stall at 1.9250 but we have continued to have bullish momentum.
Weekly
MAs again upward facing with lots of bullish momentum behind them. Although we did have a shooting start rejection last week, price seems to be continuing strong with a possible bullish engulfing candle at the end of this week closing above 1.9250.
Daily
Higher lows and higher highs on the daily TF - we did see some rejection activity but ultimately we can pass this off as price pullbacks. We closed last week below or blue MA but the week opened above this area with clear rejections heading back up. The MAs are holding well as dynamic areas of support.
H4
A clear rejection from our preferred fib region with a break of out CTL - MA crossover and strong bullish candle. Also broken the weekly area which we've been struggling with for a while. All signs are showing bullish continuation of this pair.
MAs upward facing - we did have a spinning top and a stall at 1.9250 but we have continued to have bullish momentum.
Weekly
MAs again upward facing with lots of bullish momentum behind them. Although we did have a shooting start rejection last week, price seems to be continuing strong with a possible bullish engulfing candle at the end of this week closing above 1.9250.
Daily
Higher lows and higher highs on the daily TF - we did see some rejection activity but ultimately we can pass this off as price pullbacks. We closed last week below or blue MA but the week opened above this area with clear rejections heading back up. The MAs are holding well as dynamic areas of support.
H4
A clear rejection from our preferred fib region with a break of out CTL - MA crossover and strong bullish candle. Also broken the weekly area which we've been struggling with for a while. All signs are showing bullish continuation of this pair.
Comment:
Stop moved to beyond BE.