EUR/USD trend continuation (Long) trade based on the strong upward momentum:
- Extremely aggressive close of a bullish belt holding candle on the 4H above a lot of previous resistance.
- Price action has found support off 8EMA.
- Price closed above 121.3 extension fib
- 4H candle closed above Box range / consolidation period.
- Momentum and rhythm is extremely strong on the 1D / weekly / 4H close about the 76.4 retracement on 1D and therefore would expect test of the December highs at 1.4700)
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment