teewp1

teewp1

PRICE IS APPROACHING A TRIPLE TOP FORMATION AT A MINOR MONTHLY SUPPLY LEVEL PRICE HAD MADE A NEW LOW FOLLOWED BY A LOWER HIGH, HOWEVER PRICE THEN FAILED TO MAKE A NEW LOW BRINGING PRICE BACK UP TO THE 0.618 FIB LEVEL. A CLOSE ABOVE 1.565 LEVEL FOR A CONTINUED MOVE TO THE UPSIDE WITH TARGET OF 1.623 WHICH IS ALIGNED WITH THE 0.764 FIB AS WELL AS 1.27 FIB...

teewp1

My overall bias of this pair remains to the upside. Price had formed a triple top formation at the Monthly Supply Zone and currently pulling back as expected. With the strong momentum of the previous monthly candlesticks I am looking for price to pull back to the Weekly Demand level of around 0.92000 and for the right price action set-up to get in long and take...