Major resistance on the weekly.
Daily chart has multiple support.
What caught my eye is is giant wick on weekly chart and then a closing of bullish candle. Signs of bull strength.
That being said it is best to look for longs this week.
I wouldn't be surprised to see a giant bearish wick closed on the weekly chart due to all that resistance.
So looking on the 4H chart, I have spotted some nice areas to enter long.
Note there is a gorgeous butterfly harmonic formation.
0.72445 is one good area.
0.71500 is also a good area expecting a bullish wick through the trend-line.
Note that if the trend line is broken I expect a move down to the 0.70000 area.
Daily chart has multiple support.
What caught my eye is is giant wick on weekly chart and then a closing of bullish candle. Signs of bull strength.
That being said it is best to look for longs this week.
I wouldn't be surprised to see a giant bearish wick closed on the weekly chart due to all that resistance.
So looking on the 4H chart, I have spotted some nice areas to enter long.
Note there is a gorgeous butterfly harmonic formation.
0.72445 is one good area.
0.71500 is also a good area expecting a bullish wick through the trend-line.
Note that if the trend line is broken I expect a move down to the 0.70000 area.
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.
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.