Bullish Momentum, Potential move higher
Updated
Bulls have made a nice move up from our initial downtrend this week. Price has broken through our most previous resistance with a strong bullish candle. RSI is overbought so I'm expecting a relief as a retest of structure. If we close above the .71600 level on the Daily timeframe, this will provide another confirmation of a potential move upwards. I will be paying attention to our structure highs around the .72300 level.
Note
I'll be looking at the hourly timeframe for a retest of structure and entry.
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