Price is currently bullish, respecting a bullish uptrend. price ended last week with a clear bullish engulfing bar on the Daily Chart. Looking for long positions around 109.293 after price comes down to retest previous resistance creating a new support. Looking for engulfing bar or pin bar on lower time frame to confirm entry. Looking for price to reach area of sensitivity around 109.889. This is an area where we might face strong bullish pressure. If price breaks through this zone than that is a clear indication that bulls are in charge for weeks to come.
My post are for educational purposes only. My post are not signals. Trade at your own risk! Happy Trading!
My post are for educational purposes only. My post are not signals. Trade at your own risk! Happy Trading!