Many Reasons i believe this pair will continue on the upwards trend.
- Impulse leg forming a flag, if we breakout of the flag then bulls will take over and push price up.
- Possible inverted head and shoulders pattern, if neckline is broken then we will see yet again another rally in price upwards.
- Key Daily Support Levels are being tested, and i believe we will see a bounce off this level.
- Market closed on shooting star candlestick on the 4 Hour Chart, hopefully meaning market will open on a downwards trend and start to test the support level, where the bullish momentum will hopefully start.
TP is just below 4 Hour Key Resistance level, however i do think we will break this level, but want to trade safe.
- Impulse leg forming a flag, if we breakout of the flag then bulls will take over and push price up.
- Possible inverted head and shoulders pattern, if neckline is broken then we will see yet again another rally in price upwards.
- Key Daily Support Levels are being tested, and i believe we will see a bounce off this level.
- Market closed on shooting star candlestick on the 4 Hour Chart, hopefully meaning market will open on a downwards trend and start to test the support level, where the bullish momentum will hopefully start.
TP is just below 4 Hour Key Resistance level, however i do think we will break this level, but want to trade safe.
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