Daily:
Three pin bullish reversal pattern forming
2H:
Break of the monthly resistance area at 1.3400
Currently retesting and holding the resistance as a support level.
FIB retracement at 38.20% level (confluence with the monthly support)
Made a higher swing low
Target at weekly resistance level (confluence with the -27.00% fib level)
FIB retracement to 38.20% level (Confluence with monthly resistance level 1.0500)
Break of the counter trendline
Evening star formation with huge bearish gravestone doji candlestick
MA's (1H) crossing over the downside
Target level D1 at -27.00% level (1.0285)
FIB C RETRACEMENT AT 78.60% LEVEL
BULLISH HAMMER AT 61.80% LEVEL (CONFLUENCE WITH THE WEEKLY SUPPORT LEVEL)
FOLLOWED BY A BULLISH ENGULFING CANDLE
BREAK OF THE COUNTER TREND LINE
TP AT -27.00% FIB LEVEL
FIB C RETRACEMENT AT 38.20% LEVEL
BREAK OF THE COUNTER TREND LINE
MA'S CROSSED TO THE DOWNSIDE ON 4H & 2H
TARGET AT MONTHLY SUPPORT LEVEL $1100 - CONFLUENCE WITH THE -61.80% TARGET LEVEL FIB
