as the technical analysis shows major confluence with the fib extensions and support and resistance on the daily, 0.9821 and 0.9924 are TP1 and TP2. already a bullish engulfing has formed, enter long to the upside. also, wait for the MA cross on the 1hr/4hrs
After a rtejection from the weekly resistance, we have seen the break on the mother candle of an inside bar(Harami), now anticipating some more downside to this pair. hopefully price reaches the inner trendline to take out our TP. anticpatinfg more lower lows from the 4hr.
price has reached a weekly resistance trendline, consolidation taking place on a weekly support area and trendline (confluence). i hope to see some downside to this, if not, wait for a retest after the upside break before going long. but for now, i am going short on my bias after the banl holidays next year/.
