1M
Last few months the market has rallied back down to test the EMA support levels. The market formed a inverted hammer following by a big hammer, which was in conjunction with a morning star. This month we are breaking through a strong resistance level.
1W
EMA pointing to the upside, after forming a higher low. We are now on the way up to potentially form a higher high. The same resistance on the monthly chart has been broken here and retested this week.
1D
Yesterday a Doji was formed right on the EMA support level which is pointing up. Following this, today if the bulls keep momentum and morning star will be also formed rejecting the resistance line which is now support.
4H
Support line has been tested twice which formed the higher low. After closing strongly above this line we have a CTL cross alongside the EMA crossing to the upside. Price target is the next weekly support of 1350, TP has been taken a few pips below this price.
Last few months the market has rallied back down to test the EMA support levels. The market formed a inverted hammer following by a big hammer, which was in conjunction with a morning star. This month we are breaking through a strong resistance level.
1W
EMA pointing to the upside, after forming a higher low. We are now on the way up to potentially form a higher high. The same resistance on the monthly chart has been broken here and retested this week.
1D
Yesterday a Doji was formed right on the EMA support level which is pointing up. Following this, today if the bulls keep momentum and morning star will be also formed rejecting the resistance line which is now support.
4H
Support line has been tested twice which formed the higher low. After closing strongly above this line we have a CTL cross alongside the EMA crossing to the upside. Price target is the next weekly support of 1350, TP has been taken a few pips below this price.
Trade closed: target reached:
Target reached securing pips.