Price has been pushing higher towards a fresh supply zone at 1.68111 level. Price previously have a very strong drop from this area.
Potential 200 pip move
Price has been pushing higher this past week.
Similar to the GBPAUD chart there is an obvious Daily zone, this is too wide a risk for my liking.
Down on the 1hr chart I have found a demand zone that is just above the Daily price, which when looked on the 1hr chart is very sideways.
Will wait and see what price does
I have Identified a strong demand zone that if plays out could be a great entry for a longer term swing to the upside.
Rally Base Rally has occurred, price has come back to re test a higher zone a couple of times which for me means there is a higher probability now that price won't respect this level.
Demand zone I'm looking at is between the 1.8520 and 1.84900...
Price hasn't really touched the bottom zone, it has be pushed up before its gotten there which leads me to believe that this could offer a buying opportunity.
There is a fresh 4hr zone to aim for which as you can see price has been moving sideways for some weeks.
there is a truly fresh demand zone lower.
Price has been pushing higher this past week.
there haven't been any real strong moved and mostly moved sideways.
Ill be watching the 4hr demand zone for potential longs.
First target of most recent highs offers a rr of: 3.9 :1
Secondary Targets would be the next set of highs at the 1.32 level offering a rr of 6.6 :1
Price has touched and moved sideways from the recent Daily Zone.
Looking at the Daily price has continued its bullish movement up.
What I'm watching is the 1 hr demand zone to go long, a retest of the Daily supply offers a RR of: 4.5 :1
If price pushed higher I would be looking at the 147.00 level as a higher target offering a RR of: 9.8 :1
