Reading price, we can see we have been on an uptrend with impulses in our favored direction. The last few candle closures have shown strong wick rejections to the downside. If price manages to maintain above this new support zone, we can anticipate price to reach 1.59000. However, if price breaks support, we must reevaluate price action. Due to the uncertainty of market fluidity, risk management is highly recommended.
top of page
bottom of page