Price made a nice pull back and created a nice squeeze which can mean that is time a for the second touch of the bullish channel.
If we will get daily hammer today I am pretty sure this will go up.
Also, price reacted to strong Resistance (1.05275).
Weekly hammer that price created couple weeks ago means that we are in bullish trend now so this setup has a very big chance to play out!
In next week can see a little bit of a bearish action but next weekly candle should be green anyway.
If we will get daily hammer today I am pretty sure this will go up.
Also, price reacted to strong Resistance (1.05275).
Weekly hammer that price created couple weeks ago means that we are in bullish trend now so this setup has a very big chance to play out!
In next week can see a little bit of a bearish action but next weekly candle should be green anyway.
Comment:
A little bit of update. I'm still thinking this pair is bullish. Price creating very nice squeeze which means that the second touch of the bullish channel is very likely to happen. I'm adding to position at this point.