Monthly
Strong bullish activity in the last few months and we are currently sitting at a key level which I feel can be taken out. MAs up.
Weekly
We've broken 1.1925 two weeks ago and retested it staying firmly above on the weekly close last week as well a spike nearing the blue MA. This week we seem to be pushing back above this area.
Daily
The daily chart has been producing clear higher lows and higher highs with MAs upward facing in alignment with the bigger picture. Price pulled back down to 1.1925 and rejected this dynamic area with a hammer candlestick last week as well as closing back above the MAs. Yesterday we had a bullish daily close above the weekly are and MAs.
H4
Rejection of 61.8 fib zone with weekly key level confluence. MAs crossed over to the upside with a break of out CTL. We have a very clear hammer candlestick last week which did not violate the previous swing low point. This coupled with a higher high can give an increased probability of price going further up.
Strong bullish activity in the last few months and we are currently sitting at a key level which I feel can be taken out. MAs up.
Weekly
We've broken 1.1925 two weeks ago and retested it staying firmly above on the weekly close last week as well a spike nearing the blue MA. This week we seem to be pushing back above this area.
Daily
The daily chart has been producing clear higher lows and higher highs with MAs upward facing in alignment with the bigger picture. Price pulled back down to 1.1925 and rejected this dynamic area with a hammer candlestick last week as well as closing back above the MAs. Yesterday we had a bullish daily close above the weekly are and MAs.
H4
Rejection of 61.8 fib zone with weekly key level confluence. MAs crossed over to the upside with a break of out CTL. We have a very clear hammer candlestick last week which did not violate the previous swing low point. This coupled with a higher high can give an increased probability of price going further up.