- Very important zone in the market broken and retested. Now is the perfect time to go long on the pair.
Komen:
Further confirmation on the upward movement
1). From a daily perspective the market is respecting a gap (CONCEPT OF SUPPLY AND DEMAND). Therefore further confirming the upward rally.
2). From a H4 perspective the market has formed a nice double bottom pattern (CONCEPTOF CHART PATTERNS). This still confirms an upward rally as the neckline of the pattern has been broken and retested from a H1 perspective.
3). Also the USD base pairs are in an upward rally to following fundamental analysis.
These all indicate we are in for a big upward move.
Penafian
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1). From a daily perspective the market is respecting a gap (CONCEPT OF SUPPLY AND DEMAND). Therefore further confirming the upward rally.
2). From a H4 perspective the market has formed a nice double bottom pattern (CONCEPTOF CHART PATTERNS). This still confirms an upward rally as the neckline of the pattern has been broken and retested from a H1 perspective.
3). Also the USD base pairs are in an upward rally to following fundamental analysis.
These all indicate we are in for a big upward move.