Last week we saw price form HL at our monthly support level shortly after making a strong bull run back towards our weekly mid-range where we found resistance. Today we have seen a small back and have found support at previous high.
I am expecting the price to break above weekly midrange and head towards our next key monthly level which is 1.50. Will be letting this trade run as long as we have a clean break of our midrange. Target will be FIB extension D2.
Please find above image the trade I’ve taken
I have also attached some longer-term analysis for this pair below