We are in an uptrend on the 4 hour chart with higher highs and higher lows. There is confluence with a key resistance line turned support and the 0.618 fib level so it looks like a pullback has occurred. We have bullish candles with the most previous candle having a long lower wick indicating buying pressure. The Stochastic is heading upwards.
On the 1 hour chart, there was a nice bullish engulfing followed by a long-legged doji again confirming good buying pressure. The pair should head to the next structure high/long term trend line.
On the 1 hour chart, there was a nice bullish engulfing followed by a long-legged doji again confirming good buying pressure. The pair should head to the next structure high/long term trend line.
Trade closed: stop reached:
Seems like pair is headed down and there was a reversal in trend after testing the resistance line.