Last week Price Action (PA) had broken above its 4HR Trend Line
to reach the highs of 1.08963 before pulling back/reversing - whichever it may be - with the Andrews Pitchfork
(APF) placed on the previous Pull back. Price has now test the middle APF line and closed with a strong rejection bar (Dragonfly Doji
). I'm expecting price to continue its's move up to potentially test and break its Trend Line
. I'm LONG!
Possible entries on the lower TF pull backs may still be viable.
Watch and Wait