Price is in a strong buy for this pair, however price was stalled in 4H support turn resistance area all through Fri 16 June 23.
We expect price to pull back to 1.085 and if we see a bull price action we can enter for a long to at least 1.100.
Kindly note that this is not a financial advice, as we (traders) are to react to the market cause we don't control...
1. weekly candle closes as a good bull
2. daily candle closed with the body
breaking the last 6 days' high
3. previous 3 days candles stick out with wicks.
4. 4H accending triangle is broken with a strong
bullish momentum candle.
Apply PRM
The overall market movement on a Weekly is bearish
The trendline as been repeated multiple times, we are currently expecting a retrace on the brown area
We should see a strong bearing move. I suggest you look for a confirmation be it candlestick formation or chart patterns on the 15min or 1h TF. Also expect a strong USD move.
Trade safe. Merry Christmas and a...
