Price is now moving towards my buy zone order set at 1.13310 with a 20 pip stop, 133 pip reward
Bit of a longer term sell set up but overall have a short outlook for the coming weeks
Looking at how price has reacted If price pushes back down to the new 4hr Demand Zone I will take a long position to the 4hr Supply zone which also ties in with a 1.27 Fib Extension
If we break the neck line good chance of more upside
Decending triangle formatting on the 4hr, strong chance of a retest of the 0.37 level
Lots of bullish signs equal measure move puts price back at the 0.96 level price creating Higher Lows and respecting the levels pull back on the initial impulse leg respected the 618 fib
Exhaustion on the 4hr timeframe, down on the 15 and 1 hr we can see a potential head and shoulders pattern appearing. Fib extension from the most recent swing high to low gives us a 1.618 fib lining up with previous structure for a short trade.
Looking like bullish momentum has found support and is slowly maintaining the upward movements if we can break 0.35500 could see more upside
Double top formed with a 3 bar reversal pattern on the 30 min
bearish movements have been clear on this pair We have had a strong pull back but can see this area as proven a strong turning point. 2 targets first is the most recent lows, if this target is hit then stops will be moved on second trade to breakeven