Weekly
Bullish Momentum
Daily
Our daily fib is showing price respect the 23.6% level - indicating a continuation
4H
Price has impulsed to 143.50 finding some resistance.
If we fib the impulse we find the 50%-61.8% being a very favorable zone
1. It is a around our recent key level 142.8
2. Daily Support is in this zone around 142.69
3. Retesting previous resistance
4. Broken trendline / flag pattern being broken and retested.
If we do get this pullback there are numerous confirmations. I will await for price action to indicate some sort of reversal. I will primarily be looking for candlestick confirmations preferably on the 4H but I will also monitor 1H.
Bullish Momentum
Daily
Our daily fib is showing price respect the 23.6% level - indicating a continuation
4H
Price has impulsed to 143.50 finding some resistance.
If we fib the impulse we find the 50%-61.8% being a very favorable zone
1. It is a around our recent key level 142.8
2. Daily Support is in this zone around 142.69
3. Retesting previous resistance
4. Broken trendline / flag pattern being broken and retested.
If we do get this pullback there are numerous confirmations. I will await for price action to indicate some sort of reversal. I will primarily be looking for candlestick confirmations preferably on the 4H but I will also monitor 1H.