-> The market on the HTF has been moving bearishly through a descending channel on the daily TF, to which the price reached the support dynamic level and reacted from it with an impulsive move.
-> Now on the LTF, the market has broken two 1H structures and one 4H too, which tells me that the market has moved its momentum to bullish and the likelihood of the market to rise further is highly likely.
-> With that said, I'm now looking at the 15min continuation pattern BO in order to put my entry with a good SL below the previous swing Low and target at the Daily dynamic resistance zone.
-> IMPORTANT NOTE: Be aware of the rates hike today at 12:00 pm GMT for the UK, they bring liquidity and volatility to the markets, especially for the country currency.
-> Now on the LTF, the market has broken two 1H structures and one 4H too, which tells me that the market has moved its momentum to bullish and the likelihood of the market to rise further is highly likely.
-> With that said, I'm now looking at the 15min continuation pattern BO in order to put my entry with a good SL below the previous swing Low and target at the Daily dynamic resistance zone.
-> IMPORTANT NOTE: Be aware of the rates hike today at 12:00 pm GMT for the UK, they bring liquidity and volatility to the markets, especially for the country currency.