Starting out on our
MONTHLY: We're on an overall uptrend. Currently approaching the top of a descending channel, in which we're potentially looking to break.
Why?
WEEKLY: You'll see that last week we had our 3rd tap of our trend line at monthly key level of 1.30000. This 3rd tap that we are seeing also formed a bullish engulfing pattern....loots of buyers currently in the market..
DAILY: We just gapped up this week at market open. This is after breaking a minor resistance point last week. We are also getting a bullish cross with our EMA's.
H4: Break of structure clear as day, we are looking to make our 3rd tap of our trendline here in the 1.30700 zone highlighted in green.
ENTRY: I will wait for price to enter our zone, then snipe an entry clearly from our transition phase.