On this specific pair we are looking at a price that just broke above a very strong structure which was a Monthly and Weekly resistance and just completed a retest of that zone. We are looking at a bullish environment on the Monthly, weekly, and daily timeframe alongside with the last report of the COT data which clearly shows a bullish GPD overall. On the 4H timeframe we want to see a market that will shift from a bearish environment to a bullish environment and after breaking above the 1.35700 resistance level we want to see a retest of that level before entering a nice long position for a very good R/R. The targets will be around the area between 1.37000- 1.39000. If you enjoyed this analysis make sure to smash that like Botton and comment below if you have a different opinion or feedback.
Trade active:
We've successfully broke the resistance of 1.35650 and we definitely have a bullish environment right now and we are moving toward the first target 1.37650. We may have a pullback to retest this previous resistance that turned support and continue our impulse to the next Daily resistance.
Trade closed: target reached:
TP1 reached , We will be closing partially the trade and leave the rest running for the TP2.