On the 1D timeframe we had a clear breakout of the triangle formation which is now being retested while picking up open FVG gaps up to 1.08300 range.
When we look at the 15M timeframe i believe we will see another small drop only to return and closes all bearish FVG gaps upwards towards 1.08600 where it will retest and head further up towards 1.0900.
Let's see how this trade works out.
When we look at the 15M timeframe i believe we will see another small drop only to return and closes all bearish FVG gaps upwards towards 1.08600 where it will retest and head further up towards 1.0900.
Let's see how this trade works out.
Comment:
Trade seems to skip the .08300 area and is moving upwards towards the .08600 area to retest resistance. I expect it to break for it to turn into support for price to continue towards .09000.
Comment:
Price has pulled back to my first expectation at a Daily key level. I expect it to close the FVG gaps to then head further up toward 1.0900.