1. Once it has broke through the consolidated key support zone, a hawkish would be expected. 2. It was above my daily ema’s, indicates that the bull is on the run. 3. An uptrend from weekly trendline and has rebounded since last week 4. Overall, a bullish bias until 87.50.
Reason to enter: 1. A rising wedges has formed. 2. Lower high has been forming continuously and restested. 3. Break through the key support area. 4. Break through EMA level. 5. Engulfing forming on daily timeframe TP level is at 131.10 and SL level is at 130.175
Reason to enter: 1. Candlestick has been retested few times on upper trend line . 2. Candlestick has failed to break through the key weekly support zone . 3. Outside bar formed during the support zone which indicates a bull power. My TP level would be 145.850 and SL level would be around 143.700.
Reason to enter: 1. Candlestick has been retested few times on upper trend line. 2. Candlestick has failed to break through the key weekly support zone. 3. Outside bar formed during the support zone which indicates a bull power. My TP level would be 145.850 and SL level would be around 143.700.
Reason to enter: 1. Higher low has been tested along the lower trend line. 2. Candlesticks have been tested around the Fib 38.2 for few times and fail to break through. 3. A double bottom has been formed during the daily and weekly timeframe. My TP level will be set at 109.6 and my SL would be around 110.3.