Phase C accumulation
Seeing a accumulation cycle brewing , and would need a break upside 1.157 & light supply when it does to confirm that we are in fact leaving the cycle, and start aiming at 1.25.-1.35 as next target area. But as for now, as I see it only being into the phase C of the cycle, I would expect more testing of the 1.02-1.05, testing the spring, as next movement. And test of the it on light supply would mean a successful spring, and that next could give some nice LPS’s opportunities.
4hours
Weekly
Monthly
Price will be updated as it moves more, and give more sign of the supply/demand weight.
4hours
Weekly
Monthly
Price will be updated as it moves more, and give more sign of the supply/demand weight.
Note
break upside 1.157 unfolding as predictedNote
1.18-1.19 on light supply could give another good entryTrade closed: target reached
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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.