the price is bullish as the chart shows tp1 weekly M formation neckline tp2 monthly ici
looking for long tp1 is tha weekly M formation neckline and tp2 will be ICI on the monthly
bears are testing the strong support at 1.79693 that is the previous resistance as well. Watch the PA on 4h TF for potential entry signal... thanks...
wait for the price action signal to help in decision making...top down analysis approach may help as well..
identified a nice demand zone which formed a Drop-Base-Rally pattern and the price tested the zone. the price is rejected as the doji signal is identified at the zone, now the price is likely to move up and the next is R 1.11958 and R 1.12384 which is the highest since Augustt.
The price is in long term uptrend channel, signal for long term upside move. At the upper trendline R 122640 level, at this level the pin bar bearish candle is identified and formed the base zone and the price reversed in a strong short move to form Rally-Base-Drop . At the support level 121.064 the price reversed in a long move to test the zone, signal...
In order to follow a this uptrend, we have to see the price action formation on the trendline with a top down analysis on diff time frames for a continuation confirmation. A pullback might happen and the targets should be the next Resistance levels R1 0.70809 and R2 0.7193 1... cheers...
The price moves in an uptrend channel and the price was in consolidation phase since mid October before the strong Rally move.. But it was able to break-out early December and went on to hit Resistance level at 1.3540 and formed a Rally-Base-Rally and retrace to test the zone at the Demand zone.. As the Rally-Base-Rally continuation pattern is...
price is in an uptrend channel and broke the upper R level of the ascending triangle... which is a good signal for a continuation (uptrend). a possible pull back when the price hit the R1 at 1.12239 is likely and next R2 is at 1.13887 which a 6 month high . watch the price action confirmation at the key levelsfor decisions.. cheers...