Price is currently in a consolidation phase on the 4HR timeframe after putting in higher highs and higher lows.
I am anticipating a break in the range to the upside due to higher time frame confluence. If price breaks the range i am expecting expansion to the upside with target 1 being 84.95 and target 2 85.81
I am anticipating a break in the range to the upside due to higher time frame confluence. If price breaks the range i am expecting expansion to the upside with target 1 being 84.95 and target 2 85.81
Comment:
Price moving in my anticipated direction, nice 1:3 RR trade taken on this pair this week. Looking for more long setups going into next week.