Hello Traders, This is a screenshot of my Analysis on this Pair. ( PREVIOUS ANALYSIS LINKED BELOW )
We can Identify these factors from Price Action.
1. On the Monthly Timeframe, Price is reacting to a Level of DEMAND Created during the first bullish Impulse.
2. On the Weekly Timeframe, Price Created a Bullish Engulfing Candle last Week, so I expect a Bullish Continuation.
3. On the Daily Timeframe, we previously Identified these 3 levels of DEMAND, and I explained how I expect a Reaction around this Level.
Currently, Price is at a Previous Level of Supply, If Price closes above this Supply level then I will be looking for Trading Opportunities on the Retest.
We can Identify these factors from Price Action.
1. On the Monthly Timeframe, Price is reacting to a Level of DEMAND Created during the first bullish Impulse.
2. On the Weekly Timeframe, Price Created a Bullish Engulfing Candle last Week, so I expect a Bullish Continuation.
3. On the Daily Timeframe, we previously Identified these 3 levels of DEMAND, and I explained how I expect a Reaction around this Level.
Currently, Price is at a Previous Level of Supply, If Price closes above this Supply level then I will be looking for Trading Opportunities on the Retest.
