ON THE WEEKLY TF,PRICE IS CURRENTLY IN CONSOLIDATION .LEVELS AT:RES(1.21870)SUP AT (1,16822)AFTER A DOWNTREND,WILL WATCH FOR A BREAKOUT IN COMING WEEKS.
ON THE 4H TF AN ASCENDING WEDGE HAS FORMED,WILL LOOK SELLING OPPORTUNITIES FROM RESISTANCE.
ON THE 1H TF I WILL ENTER WHEN THE MARKET OPENS.PRICE HAS PULLED BACK AND CLOSED ABOVE THE 50 EMA SERVING AS SUPPORT.PRICE HAS ALSO CLOSED ABOVE A LEVEL OF STRUCTURAL SUPPORT.TP 1 WILL BE @ 1.20310
TP 2 @1.20495 ONLY IF I HAVE A BULLISH CANDLE CLOSING ABOVE MY MOST PREVIOUS HIGH.
JUST AN IDEA
ON THE 4H TF AN ASCENDING WEDGE HAS FORMED,WILL LOOK SELLING OPPORTUNITIES FROM RESISTANCE.
ON THE 1H TF I WILL ENTER WHEN THE MARKET OPENS.PRICE HAS PULLED BACK AND CLOSED ABOVE THE 50 EMA SERVING AS SUPPORT.PRICE HAS ALSO CLOSED ABOVE A LEVEL OF STRUCTURAL SUPPORT.TP 1 WILL BE @ 1.20310
TP 2 @1.20495 ONLY IF I HAVE A BULLISH CANDLE CLOSING ABOVE MY MOST PREVIOUS HIGH.
JUST AN IDEA