Pullback now looks to be complete as price failed to break close below daily support multiple times. Price also came down to touch the 50% fibonacci retracement level & quickly went back up. CTL broken, now we may see new highs coming soon !
Had to re evaluate this pair after price failed to close below daily support 0.98800.. Price making a "W" pattern & is looking to potentially complete its 5th wave to the upside continuing the uptrend we have here making higher highs & lows..
Is consolidation for this pair finally over!? after 12 weeks of price stalling in its uptrend we have been moving sideways, & recently had some strong bullish momentum these past few days. Watch for a daily close above the resistance. After consolidation comes a strong breakout
Price broke out of a falling wedge pattern last week showing a reversal of trend. Price recently broke a strong resistance level now turning support making a (higher low), now looking for a break of the counter trend line for a completion of an ABCD pattern
Price back down at daily support again & has been ranging between the 61.8% & 50% fib level.. Price tried multiple times to break the level its at now but quickly pushed back to the upside, & has rejected this support level since the market has opened. So I am anticipating a bounce from here a break of this support zone will send this pair steep to the downside
Price broke back above daily resistance turning support after reversing its downtrend with a bullish engulfing weekly candle close, I will be watching for a break of resistance 0.76800 area for a new higher high up to weekly resistance.. : )
Price failed to break weekly resistance, breaking out to the upside of its falling wedge as well. Looks like the Moving averages are crossing over to the upside as well & price is breaking high base resistance showing a potential change of trend. Weekly candle closed with a bullish engulfing as well. More upside expected here..
Price finished off the week with a bullish engulfing weekly candle close, rejecting at a key weekly support level. Seems to have broke out of its 4 hour channel as well as breaking & closing above daily resistance turning support. I will be looking for buy opportunities if price can stay above daily support its above now .!
Price came down to its daily uptrend line to make a higher low, rejecting the 50% fib level & forming a hammer candle above a strong key support level, I believe price will make its way up to make a new higher high & continue its uptrend..
Back at daily support once again, still in an uptrend but has been moving sideways for some time now.. Looking for longs after a break & close above the 50% fib, if we break 152.800 resistance & get a daily close above this pair will look to make a new higher high
Watching for a break of the CTL for potential longs, price above strong daily support & looks to be making an ABCD pattern, after breaking out of its downtrend.. A higher low has been made, now time more a move to the upside for a higher high