On Monday the price made a bullish candle with a large wick on the upper side next to $1.09860 resistance.
On Thursday we can see the price making new highs and closing the day above $1.10755 resistance level which is a strong signal.
Because the price has broken above a strong confluence of resistance and managed to close the day above we can prepare for a bullish market scenario.
If the price creates a bullish price action signal on the $1.09860 that will be a bullish signal for entering into the market.
The bulls goal is to break above $1.11871 to secure further move up because that is the level that was holding the price from falling.
On Thursday we can see the price making new highs and closing the day above $1.10755 resistance level which is a strong signal.
Because the price has broken above a strong confluence of resistance and managed to close the day above we can prepare for a bullish market scenario.
If the price creates a bullish price action signal on the $1.09860 that will be a bullish signal for entering into the market.
The bulls goal is to break above $1.11871 to secure further move up because that is the level that was holding the price from falling.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.