We're going to be trading off the results of the bullish
uptick and the partial retracement from last week. It is actually a bullish engulfing
on the daily timeframe
. If we go back down, he may bounce from the daily zone of 1.71798, then head to the weekly level at 1.70366. Otherwise, we'll continue to go bullish
once the retracement is complete as soon as we pass the daily level.
• 1.69885 only if the retest of the engulfing
candle on the higher timeframe fails and we pass through the weekly level.