EUR/USD BULLISH
Updated
1M
EMA’s are pointing to the upside, with a very strong bullish move up breaking the monthly resistance which is now support at 1.24000.
1W
EMA’s Again pointing to the upside, with last week’s candle firmly closing above 1.24000. This week we have come back down to retest this level and have rejected.
1D
Yesterday’s candle closed below the 1.24000 support level, which almost tested the EMA that are pointing up. Today’s candle has tested the EMA and rejected also forming a tweezer bottom at the same time. Previous wicks on this time frame shows a lot of buying pressure.
4H
After a small rally by the bears we ended this movement with a hammer forming, which was retested again and rejected, this formed the twizzer bottom on the 1D time frame. CTL has been broken with EMA crossing back over to the up side. Along with the Fib Zone being touched.
EMA’s are pointing to the upside, with a very strong bullish move up breaking the monthly resistance which is now support at 1.24000.
1W
EMA’s Again pointing to the upside, with last week’s candle firmly closing above 1.24000. This week we have come back down to retest this level and have rejected.
1D
Yesterday’s candle closed below the 1.24000 support level, which almost tested the EMA that are pointing up. Today’s candle has tested the EMA and rejected also forming a tweezer bottom at the same time. Previous wicks on this time frame shows a lot of buying pressure.
4H
After a small rally by the bears we ended this movement with a hammer forming, which was retested again and rejected, this formed the twizzer bottom on the 1D time frame. CTL has been broken with EMA crossing back over to the up side. Along with the Fib Zone being touched.
Trade closed: stop reached
Stop Reached
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