Monthly
This month as been very bullish with a lot of momentum behind it. If we close to in a similar fashion to the candlestick as it looks today - this would be a bullish engulfing taking out 2 months worth of prior bearish price action. We have also breached the our blue MA.
Weekly
We've produced a new higher swing low on this TF and 2 weeks ago we had huge bullish momentum. Price also broke our weekly area of 1.6750 and MAs are converging together for a potential crossover.
Daily
Daily chart has been showing new higher highs and higher lows indicating an uptrend. MAs have also crossed to the upside and last week we had a large bullish engulfing. We've also tested our blue MA and today's daily close could give is further indication of upward momentum.
H4
Price has pulled back after making a new high to our preferred fib region and we've rejected this with previous support confluence. Our CTL has also been breached with an MA crossover. The 6am candle this morning with a bullish engulfing.
This month as been very bullish with a lot of momentum behind it. If we close to in a similar fashion to the candlestick as it looks today - this would be a bullish engulfing taking out 2 months worth of prior bearish price action. We have also breached the our blue MA.
Weekly
We've produced a new higher swing low on this TF and 2 weeks ago we had huge bullish momentum. Price also broke our weekly area of 1.6750 and MAs are converging together for a potential crossover.
Daily
Daily chart has been showing new higher highs and higher lows indicating an uptrend. MAs have also crossed to the upside and last week we had a large bullish engulfing. We've also tested our blue MA and today's daily close could give is further indication of upward momentum.
H4
Price has pulled back after making a new high to our preferred fib region and we've rejected this with previous support confluence. Our CTL has also been breached with an MA crossover. The 6am candle this morning with a bullish engulfing.
Comment:
Stop moved to beyond BE.