ANYWAY... Now that price has had a nice run as we can see on the daily (Top) chart, I feel price may be exhausted and may need to breathe a little. The next move could potentially be a PULLBACK!
On the 1Hr chart (Bottom), we can see a nice ascending that seems to be holding very nicely, So therefore why would I be predicting a pullback and break?
Firstly we already know that price is exhausted from looking on the , Not to mention the Daily closing with an which is a reversal candle (I have highlighted this candle in blue).
The recent highs on the 1HR chart shows price stalling around the 1.0100 area which is one of my resistance areas. Price broke above but was unable to remain above this level. This tells me that price could Potentially be heading back down to the 1.0000 area after being rejected.
Lastly divergence is giving us signal that price is losing momentum.
In a IDEAL world price would rise to the 1.0090 level which is aligned with my 0.38 Fibonacci level before heading down to target. This would give me a lower high which will add to my confluence and a nice reversal candle would be the CHERRY ON TOP!
(No cherry on top, No entry!)
ON TO THE NEXT!