D1 showing bullish support trendline being respected.
H1 forming possible downtrend correction canal, which managed to breach the D1's support trendline downwards.
Possible BUY at the next breach of D1's support trendline at 1.22500 towards the "magnet" zone made by the fibonacci retracements of D1 and H1. S/L at 1.22380 and T/P at 1.23175
H1 forming possible downtrend correction canal, which managed to breach the D1's support trendline downwards.
Possible BUY at the next breach of D1's support trendline at 1.22500 towards the "magnet" zone made by the fibonacci retracements of D1 and H1. S/L at 1.22380 and T/P at 1.23175
Comment:
It has breached the bulish support trendline and hit the targer at 1.22500
Comment:
It has breached the bearish canal in H1.
If price remains above it, there's a great chance of moving to the target area at the "magnet" zone.
The question is...
What's the role of payroll to the validation of this analysis?
In other words, would the price break the bearish canal if there was no payroll today?
my honest opinion is, I doubt it.
If price remains above it, there's a great chance of moving to the target area at the "magnet" zone.
The question is...
What's the role of payroll to the validation of this analysis?
In other words, would the price break the bearish canal if there was no payroll today?
my honest opinion is, I doubt it.
Comment:
Suggestion to close with profit. It has reached the Magnet zone area, and a retrace to the trendline is possible.
Comment:
T/P has been hit for the ones who waited. PROFIT
Waiting for a possible resistence test at 1.23440 (or around that) and after that, a possible pullback to lower areas.
Waiting for a possible resistence test at 1.23440 (or around that) and after that, a possible pullback to lower areas.