For the first time since 12/2014 we have has a Cross. Last month’s candle was a very strong close, breaking through 2 monthly key areas and testing a third but closing below.
2 x have formed consecutively, with pointing to the up side.
Yesterday and the day before, both candles have tested the and rejecting. With yesterday’s candle also rejecting the Monthly support 1.4000. This formed a new higher low, we should expect to head up for a higher high. pointing up again.
I entered this trade at the 10am candle close which so c form / test the support. CTL has been broken with a strong candle. Followed shortly after an cross. Also price rejected the monthly area with a fib level confluence to.