Multiple confluences starting from the broke of previous downtrend on daily timeframe, a broke and closure of previous weekly candle above 1.3000 which is a strong support level whit in the area.
I can see in the weekly candle that we are grabbing liquidity from last weeks inducing also retails to the downside making the trend obvious to accumulate liquidity for the huge bull run that's coming! We also have three 4h candle rejections, two of them spinning tops and one doji which confirms we are in an important swing point area. Will we broke the previous 4h downtrend channel and sky rocket to the 1.23500 weekly key level target?!. well. ill see. charts don't lie. also 61.8 fib retracement and double top on a lower timeframe as extra confluences.
I can see in the weekly candle that we are grabbing liquidity from last weeks inducing also retails to the downside making the trend obvious to accumulate liquidity for the huge bull run that's coming! We also have three 4h candle rejections, two of them spinning tops and one doji which confirms we are in an important swing point area. Will we broke the previous 4h downtrend channel and sky rocket to the 1.23500 weekly key level target?!. well. ill see. charts don't lie. also 61.8 fib retracement and double top on a lower timeframe as extra confluences.