Monthly, Weekly & Daily bias is bullish.
Price moved down aggressively yesterday because of the PMI news, taking multiple levels then reversed back up aggressively. (on daily time frame this shows a long wick). Price could continue moving up to take previous daily high or even the 1.28000 level.
Will wait for price to progress until London open and see if it will provide a setup for long.
Price moved down aggressively yesterday because of the PMI news, taking multiple levels then reversed back up aggressively. (on daily time frame this shows a long wick). Price could continue moving up to take previous daily high or even the 1.28000 level.
Will wait for price to progress until London open and see if it will provide a setup for long.
Trade closed: stop reached