Overall Trend & Context:
This pair is in an overall uptrend and has broken above last weeks highs.
Technical Findings:
Price is trading above 25, 50,100 and 200 EMA's on the daily and 4H charts.
Overall Bullish price action is evident.
Price has been consolidating through London session thus far, we can expect a tap into the demand below the liquidity (relative equal lows) before continuation of bullish cycles.
Notes:
Price is currently at a weekly supply level, we may bounce in and out of it a few times, so manage your risk and take this setup based on your own analysis as well.
This pair is in an overall uptrend and has broken above last weeks highs.
Technical Findings:
Price is trading above 25, 50,100 and 200 EMA's on the daily and 4H charts.
Overall Bullish price action is evident.
Price has been consolidating through London session thus far, we can expect a tap into the demand below the liquidity (relative equal lows) before continuation of bullish cycles.
Notes:
Price is currently at a weekly supply level, we may bounce in and out of it a few times, so manage your risk and take this setup based on your own analysis as well.
Trade active
Trade closed: stop reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.