1.An aligned acceding channel with candle stick.
2.A force that move the candle stick.
3.A Fibonacci for an entry level, This entry use 0.236 (1.94055) level of a recently price structure.
In my point of view, at current stage candle seem to stuck at the line (SL Line) after the weekly close. This create a probability of re-traced down a bit before move up to form Higher-high (HH) as shown on chart. I believe since the channel of and the pattern of the chart are well form and clear it is a good uptrend.
My Long Configuration::
Long Entry @ 1.94000 (This number come from a round-up number of support line as well as from Fibonacci level)
SL :: @ 1.9255 (This number come from a swing-low of pattern that bound form the SL Line as shown in "red smiley face")
TP :: @ 1.99035 (This number come form last swing-high as shown in "pink smiley face" as well as form fibonacci level of 0.618(1.99147) )
The way people, could discussed, regarding to investment pair is the best. I really love this website.
You are absolutely right, This pair is keep pushing up-ward. and it would properly test 2.1000 in a few month. As well as there is a "Bullist Engufing" out off support level this weekly closed chart. Which, indicate that in the next week this pair will keep moving and form a higher-high very soon.
Thank for your advice advice my analysis would be more complete and even clearer.