Bias = Range
Recap: Last Friday Daily Candlestick has touched the fib 1 (107.861) briefly before being rejected and close at fib .786 (107.650). The candlestick has close above the previous candlestick signifying remaining bullish momentum.
H4: An upward channel can be seen as price respected the channel. Another upward movement to fib 1 (107.861) is expected as price bounced off EMA 10.
H1: No obvious signal can be seen. But price has rejected off EMA 20 and stall at EMA 10. Potential movement to upside as price failed to move below EMA 10.
M15: Wait for more Confirmation. Next bullish candlestick will prompt upward movement while bearish candlestick will prompt downward movement. Wait for price to breakout above or downward below for consolidation.
Recap: Last Friday Daily Candlestick has touched the fib 1 (107.861) briefly before being rejected and close at fib .786 (107.650). The candlestick has close above the previous candlestick signifying remaining bullish momentum.
H4: An upward channel can be seen as price respected the channel. Another upward movement to fib 1 (107.861) is expected as price bounced off EMA 10.
H1: No obvious signal can be seen. But price has rejected off EMA 20 and stall at EMA 10. Potential movement to upside as price failed to move below EMA 10.
M15: Wait for more Confirmation. Next bullish candlestick will prompt upward movement while bearish candlestick will prompt downward movement. Wait for price to breakout above or downward below for consolidation.
Trade closed manually:
Analysis was not correct but Bias is correct.