Overall Trend & Context:
This pair is in an overall uptrend and has reacted off the 140.00 support levels (as well as the 200 EMA on the Daily chart).
Technical Findings:
Price is trading above 25, 50,100 and 200 EMA's on intraday charts.
Powerful break of structure which leaves no question about bullish force.
Current consolidation - Demand needs to be built before continuation.
Notes:
Price is currently at a historic support level however has not closed above daily supply, we are still in the area of doing so.
Manage your risk, take the trade with confirmations only.
This pair is in an overall uptrend and has reacted off the 140.00 support levels (as well as the 200 EMA on the Daily chart).
Technical Findings:
Price is trading above 25, 50,100 and 200 EMA's on intraday charts.
Powerful break of structure which leaves no question about bullish force.
Current consolidation - Demand needs to be built before continuation.
Notes:
Price is currently at a historic support level however has not closed above daily supply, we are still in the area of doing so.
Manage your risk, take the trade with confirmations only.
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.