My first entry was based on an engulfing candlestick at my key weekly support. Followed by a break and retest of the 1.77 level on the 15 minute.
My second entry is based on a double bottom on the 15 minute and price not being able to break the boxed region on the 1 hourly.
My stops are 1.77500 .
Comment:
I am expecting some wicks to the downside to 1.78500.
Price has broken above this level and now consolidating.
Expecting price to stall here for a bit before going to 1.80 level.
Price has broken above this level and now consolidating.
Expecting price to stall here for a bit before going to 1.80 level.
Similar Price Action in the Circle to the left.
We will have to break 1.78500 however which as been a key resistance in the past.
We seemed to have broken out of the flag pattern and heading towards this level.
I will be monitoring for wicks.