The price is trading in an ascending channel since September last year. On the 4H time frame, the price was moving in congestion area and then broke up. I think the price is likely to go up.
This is the Daily look:
The Price was in a strong Down Trend, it it reached strong weekly resistance zone. The Price formed the reversed H&S pattern. I think the price is likely to reverse and go higher even more than the target I put.
The Price broke the weekly uptrend and tested it twice and reverse with a long tailed pin bar. If the Price break and close under the support level of /1.05446/, the selling trade will be active.
Here is the weekly view.
I see that the price can hit the low of /1.01000/ but I won't open a long term trade.
The Price is trading in an ascending channel. It reached the upper trend line, tried to break out but reversed with long pin bar on the 2nd of January. The price also formed /Head&Shoulder/ pattern and broke the neckline, but I'm waiting til the close under /1.59551/.
The Price formed /Head&Shoulder/ Pattern. The right shoulder is smaller than the left shoulder, which gives the pattern strength and indicates the power of seller. The long-tailed pin bar indicates this too.
The price was in a consolidation area and broke up the upper resistance. I can see this consolidation area as an ascending triangle. I can see this trade for long term rather than short term. We can put three /take profit/ targets. On the weekly we can see the bigger picture.