1.05 - key resistance level
1. Daily close above level 1.05 - targeting levels 1.056, 1.063 and 1.078 above it.
2. Close above 1.05 - go to 1.056, then bounce back off 1.05 and up again to 1.063 and possible above it.
3. Bounce of around 1.045 and then close above 1.05
Alternatively bearish daily candle closing below 1.045 and open the way to...
this setup is similar to the USDJPY's one. We are testing a resistance level (blue line) and we created a double bottom with rsi divergence and then we broke that to the upside, giving us reason to believe in a change of trend.
So we wait for a .618 retracement of the impulse leg that broke the double bottom and then we buy the market.
First target at...
Looking for price to break the daily TL (circled area) and buy at 1.06000 level, or sell otherwise. I would collect prof at 1.07000 level because 1.075 shows bearish tendencies.
The bulls came in to play on the 16th of September at the 1.02 level and have been strong . The current 1.05 level has seen uncertainty but the current bullish engulfing shows the...
Waiting for Sydney open then will look for a nice entry... or re-evaluate the situation but my long bias remains for now.
price way below 20 ema
weekly block/low has been violated
Previous swing took stops
Price has maintained in weekly range but price did jump above before