As per my previous trade - although it hit my stop, I still maintain a outlook for this pair. The last 2 months have spiked and rejected 150.00 and this month we are seeing the same. The EMAs are ever closer to crossing over - I feel we might be able to see this by the end of 2017.
Last week price pulled back with a strong candle to 150.00. However, we did fail to break below this level and price was also held by the EMAs which are upward facing. This week, we could possibly engulf last week's candle.
A new high was made last week which rejected from 152.50. We've rejected 150.00 for a possible swing to the upside and today's daily candle shows a strong close. EMAs are also upward facing with the candle closing above them suggesting a rebound.
Pullback of price into our preferred fib region with confluence rejection of 150.00. A break of our CTL as well as an crossover. The 2pm candle was a which shows strong buying momentum.