Monthly
A very bullish month so far a break out of a consolidation period between 1.2000 and 1.2500.
Weekly
Last week news took us higher than previous areas of structure firming closing above 1.2750. MAs to the upside.
Daily
Price has pulled back on the daily and rejected weekly area of support - forming a 3-pin pattern indicating good reversal. MAs also crossed over to the upside.
H4
Break of our CTL with retest - rejection and bullish hammer as continuation. MAs about to crossover to the upside. Rejection of 38.2% fib level and confluence with -27% target area with next monthly resistance level.
A very bullish month so far a break out of a consolidation period between 1.2000 and 1.2500.
Weekly
Last week news took us higher than previous areas of structure firming closing above 1.2750. MAs to the upside.
Daily
Price has pulled back on the daily and rejected weekly area of support - forming a 3-pin pattern indicating good reversal. MAs also crossed over to the upside.
H4
Break of our CTL with retest - rejection and bullish hammer as continuation. MAs about to crossover to the upside. Rejection of 38.2% fib level and confluence with -27% target area with next monthly resistance level.
Comment:
SL moved to BE + 5 pips.
Comment:
SL moved to 75 pips profit.
Trade closed: target reached:
Closed early 130 pips profit.