Long term support and resistance areas are drawn based on weekly line chart below - note that this shows candle closes, so spikes can pass this borders (especially on 4h chart). Final target area is maybe more of a wish, depends how fast will price action go on. Area around 1.05 is also probable for next retrace up - it's near mid channel, at 50% retrace of the whole rise, and at 1.272 extension from the top to the last low.
Will be watching this one next week and post trades in comments below (if there will be any trade :)
Weekly line chart:
Daily chart for better perspective:
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
Will be watching this one next week and post trades in comments below (if there will be any trade :)
Weekly line chart:
Daily chart for better perspective:
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)