This pair did a nice swing buy for the entire week last time. But, according to the daily, we may be running out of a little steam just for a bit. I saw that we wicked out at the daily level, so we may be due for a pullback coming down to the monthly area around 3897.3. That will retest the last higher high and then create a continuation up if respected.
If it...
This actually looks like a hot mess. The bull candle on the weekly created a long wick last week, so we may be going short for the remainder of this week for now.
I'm looking for some hint of a reversal if it goes bullish from creating a lower high. Otherwise, if price can get to and break the 1.54360 area. Let's find out. Here are some TPs in the meantime to...
This pair looks like it's going bullish overall. Looks pretty strong on the weekly and that we were in the middle of creating a new higher high at the end of the week. So will play it out as it goes.
BULL TPS:
• 1.72830
• 1.73012
• 1.73672
• 1.74321
BEAR TPS:
• 1.71558
• 1.71184
• 1.70498
• 1.69323 (only if weekly zone is broken)
