Support showcasing dominance multiple wick rejections. Price failed to break past previous high signifying strong resistance. Looks like a double top formation expecting rpice to rally down with strong bullish sentiment to the support line. 1:% RR
Clear bullish sentiment on higher timeframes (Weekly & Daily). Price attempted to pierce through support however very strong wick rejection. Expecting price to continue to rally up to 0.779 zone and push back down to form new LL. 1:5 RR
Higher timeframe signalling uptrend pattern. HH and HL formed, however price failed to break previous HH and formed LH instead signifying a change in direction of market. Expecting price to hit around 1.204 and to form another LH and then continue to push downwards after. 1:5 RR
Significant push to the uptrend with higher lows and higher highs forming. Expecting this third Higher Low to push price to resistance 1 and possibly break Resistance 2 turning it to support to form new higher high. Similar pattern on lower timeframes, H1, and M15 too.
Noticed the level 1.38 as a key level in the market. If price reaches this level and does not break could be an indication for a push to the upside and Buy zone would be extra confirmation to buy and take profits at resistance /1.42 level. If price continues to go down I would wait for the 1.38 zone to be broken and look for a retest to place a trade. Waiting for...
Clear bullish trend. Expecting price to continue going to the upside as there hasn't been any break of trend so far. Higher highs, and higher lowers have formed too (3) extra confirmation to expect a continued bull run