


Ichimoku daily and 4hr showing bearish moves. Price tested Senkou Span B at 158.492 and was swiftly rejected. Personally think this may have been a liquidity grab / stop hunt before the 3 following widespread bearish candles. There was a bear trap earlier on 28th Feb. in the Asian session which as you can see, wicked down to 154.807. After triggering the bears...
Price has been making its way up and formed what appears to be an ascending triangle on the 4 hour / daily. Suggested TP1 and TP2 set via height of triangle. Breakout of the triangle is supposed to be final third so potential on this attempt.
Looking for break of symmetrical triangle at AVWAP 33717.11. If does not bounce down from there then 3 suggested TPs.
Support reached during descending wedge leading to upside potential. TP1 = 142.600, TP2 = 145.000.
Potential breakout on the weekly triangle? Conservative TP1 and TP2. If breaks could go some way up.
CPP hit, AWVAP resistance hit, order block zone hit at 1.24403. Bounce down to start of year AVWAP at 1.23967.