Using the Time At Mode (Time@mode) technique, we can see how the EURUSD has built a base of 12 weeks and has moved strongly up and away from that accumulation level (called the "mode" or most frequent price since the bottom was reached) by forming a range expansion rally. The yellow triangle shows the range expansion move.
Look for a move up to the target as shown by the upper right corner of the green box where the yellow arrow tops out.
Tim
10:09AM EST
Trade closed: target reached
⋅
TARGET REACHED in 1 week
Comment
⋅
Comment
⋅
I like how the EURUSD held onto the price gain and built a higher mode for another move up.