A retracement wicking the .39 zone before it keep going up remains a eventuality. But a low supply volume at that zone, as well of having it remaining upside the 0.41 area, is signs that all that demand is maintaining dominance. And make me aim at .48 as a secure target zone. And a demand staying in control & break upside the area would make look for it going to .60.
overall, has been & still moving really clean, having price making HH on continued overweighting demand volume.
On weekly
Daily
Moved from the .21 area on a channel to the upside, having that channel expending. Showing more and more volume coming in. Movement that currently is happening is being the retracement of the HH from 0.30 to 0.50. And even if it did retrace almost 100% of this HH, it did show still an important presence, not breaking that last HH.
Trade closed: target reached