Price is in a clear uptrend and has consolidated back to a strong support zone of 3 (11 period) Fractals; price is approaching a bullish divergence.
look to enter soon, waiting for a candlestick pattern to confirm a push to the upside.
I think the overall path for this pair is looking Bullish however I think a consolidation is likely before the push due to a double top formation, Bearish divergence on the 4H as well as a possible head and shoulders, which would confirm a longterm bullish Bias.
Let me know what you think
The current double top formation on the 4H chart is quickly revealing a teacup formation headed for the upside to the next resistance level, assuming it can break the 1.47365 resistance zone on the second bounce
