Throughout yesterday session, price has rejected Institutional Level 1.262 and surge higher to form a new HH formation. Following the NY close, price has been trying to break below 1.272 level but has failed to sustain bearish momentum. It ended up closing as a Hammer candlestick with new HL formation indicating further Bullish Potential.
Bias = Bullish
Structure = HL to HH
Bias = Bullish
Structure = HL to HH