When looking at bigger time-frames, selling pressure seems to be exhausted, price gained support and is now aggressively rallying towards "extreme highs" .
H4 chart
- Price broke above the trendline consolidated away from it and now looks to have found support and created a new demand zone (support/resistance area).
A "3-bar play" pattern seems to be currently forming which will signal strong buying pressure.
H1 chart
- Price has broke above supply/resistance, re-tested the area and has now created a HL.
W1 -
D1 -
H4 -
ENTRY PRICE : 1.08215
SL : 1.07907
TP1 : 1.08660
TP2 : 1.09984
H4 chart
- Price broke above the trendline consolidated away from it and now looks to have found support and created a new demand zone (support/resistance area).
A "3-bar play" pattern seems to be currently forming which will signal strong buying pressure.
H1 chart
- Price has broke above supply/resistance, re-tested the area and has now created a HL.
W1 -
ENTRY PRICE : 1.08215
SL : 1.07907
TP1 : 1.08660
TP2 : 1.09984