London Close Volume up to Daily Zone at 1.0854 or Range?
Aktualisiert
The 4Hr candle closed above 1.083 4Hr Zone which is quite bullish for me. However we must consider that we have seen some volatile rejection near NY Open around 3-4 Hours ago. It's about where candles close so that is why we will give more weight to the buy side. If We get to 1.0854, then I can see it being pretty straight forward for us to reach 1.089 as mentioned in previous posts.
More Analysis: The first 1Hr cnadle of the new 4hr candle pulled back to 1.081 which we respected. The consumer confidence report was used as a catalyst for a continuation of bullish momentum. The 1Hr candle just closed above the other candles to the left at 4pm GMT time. Look on the 1Hr and 4hr and you will observe a free liquidity range for us to push
up to 1.089. First we must observe the Daily level at 1.0854 and see if we will push further into it or plainly reject it, taking us back to 1.081.
More Analysis: The first 1Hr cnadle of the new 4hr candle pulled back to 1.081 which we respected. The consumer confidence report was used as a catalyst for a continuation of bullish momentum. The 1Hr candle just closed above the other candles to the left at 4pm GMT time. Look on the 1Hr and 4hr and you will observe a free liquidity range for us to push
up to 1.089. First we must observe the Daily level at 1.0854 and see if we will push further into it or plainly reject it, taking us back to 1.081.
Anmerkung
We have reached 1.0854 as anticipated. We needed to pullback to 1.081 once more before creating a leg up. Also, since the 4hr has closed like this, we can be confident that we may very well move up to our 1.089 weekly target now. However, it is important how we observe 1Hr candles closing around 1.0854. This may clue us on when we are moving up to fill the range to 1.089.Trade geschlossen: Ziel wurde erreicht
Trade geschlossen: Ziel wurde erreicht
1.089 Weekly target Hit. Price exceeded expectations and filled the weekly candle wick from last week with momentum and used GDP data as a catalyst for another leg up this morning.
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