Entry: 1.42300 /1.42400
Recap: Price has broken previous resistance 1.42200 at last week. A pullback has occur allowing some trader to rest before continuing the rally. The price has closed above the new support 1.42200.
H1: The pullback has slowed down as it approach the new support at 1.44200. The price has close below the 20 but will soon test the 50, which has high probability to stop the pullback as the 50 align with the new support.
M15: A formation is forming as price approach the new . The 20 has crossover 50, indicating short term movement as the price rejected off the 20. Continuing downward, the price will soon reach the new and the 200. As this 2 important signal align, the pullback will come to an end as the bulls get back in control of the market.
Entry 2: Triggered