Price has broken out of an ascending channel pattern on higher time frames created 5 min order block/demand zone, waiting for retest to look for an entry during London or New York session.
Clear Pattern that were breaking < Also clear uptrend momentum making new lower time frame higher highs.
Price has broken out of consolidation and previous downtrends lower highs and lows. price is now forming higher highs as well as dollar index to strengthen on short term
GJ I believe will continue in its uptrend that it has been in for sometime now after retracing to the 61.8 possible ABDC completion at the 127 extension for 60 to possible 90 pips.
lets see what happens with this setup looking nice.
advanced pattern completion after higher low being made
long after touching support looking left triple bottom
Should move higher after the correction
After the move up and also positive nfp for the dollar I see a move down.
clear advanced pattern formation as well as a pull back to a supply zone from past structure also have fibs all lining up
price is still in trend expecting after fundamental news a move to the downside.
I am long on this pair as it has touched support and completed an inverse head and shoulders as well as a cup and handle formation. expecting a new uptrend to form and move up to previous structure resistance.