Weekly Chart Closure - strong bullish
momentum on candle closure, creating an morning star
pattern on the Weekly chart.
- currently in an uptrend, market wicked to 38.2% which is in line with previous level of resistance (which the projection now would be -27% which is around the 1.86000 area).
H4 Chart - Break of small range area to the upside, showing signs to continue bullish
30m Chart - in a uptrend retraced 50% and rejected projection would be -27 (1.85500), ideally would like to see another touch of the support level
to try and get involved with the long opportunities or see a break of the resistance level
and a pullback after that.