The pair has shown considerable strength since the 1.1235 bottom and as expected ( ) rebounded since the 1D Channel Down made its Lower Low (RSI = 48.749, Highs/Lows = 0.0000). The price is currently trading within a 4H Channel Up (RSI = 55.931) having completed its own Higher Low (Highs/Lows @ 0.0000) and its Higher High is limited to 1.1400 - 1.14200. The 1D Channel Down Lower High has a maximum technical extension to 1.14400. Based on all this we remain bullish but revise our target downwards, TP = 1.14000.
See our previous study on calling the 1.1235 bottom below:
** If you like our free content follow our profile (www.tradingview.com/u/InvestingScope) to get more daily ideas. **
Comments and likes are greatly appreciated.
See our previous study on calling the 1.1235 bottom below:
** If you like our free content follow our profile (www.tradingview.com/u/InvestingScope) to get more daily ideas. **
Comments and likes are greatly appreciated.
Telegram: t.me/investingscope
www.investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
www.investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial