Bullish play
Overview
1) Weekly....price found support @0.61000 also a prev strong support
2 Daily....bullish break of "0.62000 0.62200" support zone
3 Hourly....price creating higher highs & lows( uptrend)
Alt a ( bullish )
i) bullish push towards 0.64000 with break triggering further bullish
push targeting 0.65500 resistance
ii) invalidation bearish break 0.62200
Alt b ( Bearish)
i) looking for bearish break of 0.62000 0.62200 support targeting 0.61000 0.60000
1) Weekly....price found support @0.61000 also a prev strong support
2 Daily....bullish break of "0.62000 0.62200" support zone
3 Hourly....price creating higher highs & lows( uptrend)
Alt a ( bullish )
i) bullish push towards 0.64000 with break triggering further bullish
push targeting 0.65500 resistance
ii) invalidation bearish break 0.62200
Alt b ( Bearish)
i) looking for bearish break of 0.62000 0.62200 support targeting 0.61000 0.60000
Note
hourly: seeing consolidation @ " 0.62800 & 0.62200"Following dollar interest rate hike ...will be interesting to see what price does next
Alt a: need price to break 0.62800 resistance
Alt b: rejection of zone ..bearish continuation
Note
bullish scenario...playing out perfectly
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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.