Within a steady uptrend, price initially struggled to break above the 38.5 level. However, the immense bullish pressure resulted in a breakout to the upside and a brief intraday pullback shortly after. Price preceded to create a new high and has pulled back to that same role reversal level (now support). It has formed a notable reaction hinting at potential...
Wolfe Wave forming near strong SR level and Demand area. Only go for long position when after price break out 1-3 line and reenter 1-3 line.
1.12700 is a nice round number for a resistant level. Price has break the support level recently and I'm expecting the price to retrace to 1.12700 resistant area. I'm also expecting the price to be rejected by the level (first touch). I would go for a short position after price has reached the new resistant level.
Price has reached support level. CCI showing very low values and showing divergence. Expecting price to go up reacting to the support level
Previous resistant is now a support at 120.500 (round price number). Is in uptrend as indicated by moving averages and trendline.