Monthly
A bullish engulfing candle last month taking out 2 months of prior bearish price action. We also firmly closed above weekly area of 1.6750 and our blue MA.
Weekly
MAs very close to crossing over to the upside - we saw pullbacks last week but ultimately I belive we will be heading higher.
Daily
Higher highs and higher lows supporting our uptrend bias. Yesterday's daily close was strong and closed above both MAs indicating some momentum to the upside. Also formed a 3-pin pattern.
H4
Price has pulled back to test 50% fib level - this is slightly risk as it is not as deep as our preferred fib region but since we have broken our CTL with an MA crossover, I feel momentum with gather to the upside. We have also formed nice bullish candles over our CTL break and the most recent candle is a bullish engulfing.
A bullish engulfing candle last month taking out 2 months of prior bearish price action. We also firmly closed above weekly area of 1.6750 and our blue MA.
Weekly
MAs very close to crossing over to the upside - we saw pullbacks last week but ultimately I belive we will be heading higher.
Daily
Higher highs and higher lows supporting our uptrend bias. Yesterday's daily close was strong and closed above both MAs indicating some momentum to the upside. Also formed a 3-pin pattern.
H4
Price has pulled back to test 50% fib level - this is slightly risk as it is not as deep as our preferred fib region but since we have broken our CTL with an MA crossover, I feel momentum with gather to the upside. We have also formed nice bullish candles over our CTL break and the most recent candle is a bullish engulfing.