*). Consolidation Phase:The price has been consolidating for some time, indicating a period of market indecision. During this phase, the price is likely to oscillate within a defined range without a clear trend direction.
*). Breakout with Momentum:Recently, the price broke out of a horizontal structure with a substantial momentum candle on the 4-hour (4H) timeframe. This breakout suggests a strong shift in market sentiment and a potential end to the consolidation phase.
*). Target Resistance Level:Following the breakout, there is an expectation for the price to grow towards the 1.92500 resistance level. This target is likely based on historical price action, where the 1.92500 level has previously acted as a significant resistance.
The recent breakout from consolidation with a strong momentum candle on the 4-hour timeframe suggests a bullish trend. The anticipated movement towards the 1.92500 resistance level will be a critical point to watch for further price action signals. (Good Luck 🤞🤞)
*). Breakout with Momentum:Recently, the price broke out of a horizontal structure with a substantial momentum candle on the 4-hour (4H) timeframe. This breakout suggests a strong shift in market sentiment and a potential end to the consolidation phase.
*). Target Resistance Level:Following the breakout, there is an expectation for the price to grow towards the 1.92500 resistance level. This target is likely based on historical price action, where the 1.92500 level has previously acted as a significant resistance.
The recent breakout from consolidation with a strong momentum candle on the 4-hour timeframe suggests a bullish trend. The anticipated movement towards the 1.92500 resistance level will be a critical point to watch for further price action signals. (Good Luck 🤞🤞)
