GA, bullish to 1.85000, then 1.87500 & beyond
On the weekly TF we can see an overall uptrend and the trend is out friend. We also saw a double bottom, along with a morning star and bullish engulfing candle, ending last week in its true form. Taking it down to the daily, we can see bearish pressure with those huge wicks. I am expecting a move back own to 1.82500 before it reaches 1.85000. Another reason why I believe it will go beyond 1.85000 is because we are in a consolidation zone on the daily timeframe and it has come down to the daily support for the 2nd time, giving us a 70% chance of it reaching the daily resistance consolidation zone for a 3rd time. Looking at a potential 250-500 pips.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.