I can see here strong rejection after attempt to reach 1.0500 level. Monthly candles showing nice pattern for the third time( Bullish engulfing) and closed above support mentioned above.
I see also two important formations :
1. GAP from daily chart(different broker) is respected almost perfectly with pin candle
2. Shadow of the candle reached Fibonacci level 38.2%
the safe target for me is 1.0800 area, when probably price reach 200 EMA on daily chart.
I would suspect that next wave will reach 1.1000 area in long term.
I see also two important formations :
1. GAP from daily chart(different broker) is respected almost perfectly with pin candle
2. Shadow of the candle reached Fibonacci level 38.2%
the safe target for me is 1.0800 area, when probably price reach 200 EMA on daily chart.
I would suspect that next wave will reach 1.1000 area in long term.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.