The price is showing bullish signs on all timeframe
3 month and monthly:
On the 3 month, price took a lot of orders at the 1.0500, from where we saw a massive uproar.
Price broke a major level at 1.21500 and the level was retested, indicating that price was heading to a higher level.
The next noteworthy liquidity region that aligns with fib and structure is at 1.3850
Price had initially broken the high of 1.31500 however, volume and orders clearly were not enough because price went back to the region of 1.21500 to collect more buy orders
1.21500 is major liquidity level at all timeframes, and this is confirmed, since price tested that level 2 months ago and the pair has been bullish ever since.
This month's bullish volume has been profound since it broke a major monthly level at 1.2650.
The next level in these two timeframes is at 1.3400
Weekly
There is not much to take not of here apart from the fact that price is an extremely bullish uptrend
Price took a lot of bullish orders last week at 1.2575.
The next target on the weekly timeframe is at 1.3020
Daily
Price took a lot of orders at 1.2575.
It broke and retested a major daily liquidity level at 1.2880
Price has retested that level twice showing that price is headed higher.
The magnetic zone at 1.3020 is so strong and price is headed there.
All price is doing now, is collecting orders so as to go to that region.
I am waiting for a buy confirmation setup on the 4 hour timeframe so that I can long the pair
3 month and monthly:
On the 3 month, price took a lot of orders at the 1.0500, from where we saw a massive uproar.
Price broke a major level at 1.21500 and the level was retested, indicating that price was heading to a higher level.
The next noteworthy liquidity region that aligns with fib and structure is at 1.3850
Price had initially broken the high of 1.31500 however, volume and orders clearly were not enough because price went back to the region of 1.21500 to collect more buy orders
1.21500 is major liquidity level at all timeframes, and this is confirmed, since price tested that level 2 months ago and the pair has been bullish ever since.
This month's bullish volume has been profound since it broke a major monthly level at 1.2650.
The next level in these two timeframes is at 1.3400
Weekly
There is not much to take not of here apart from the fact that price is an extremely bullish uptrend
Price took a lot of bullish orders last week at 1.2575.
The next target on the weekly timeframe is at 1.3020
Daily
Price took a lot of orders at 1.2575.
It broke and retested a major daily liquidity level at 1.2880
Price has retested that level twice showing that price is headed higher.
The magnetic zone at 1.3020 is so strong and price is headed there.
All price is doing now, is collecting orders so as to go to that region.
I am waiting for a buy confirmation setup on the 4 hour timeframe so that I can long the pair
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.
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.