Bullish play
Overview
1) Weekly....price found support @0.61000 also a prev strong support
2 Daily....bullish break of "0.62000 0.62200" support zone
3 Hourly....price creating higher highs & lows( uptrend)
Alt a ( bullish )
i) bullish push towards 0.64000 with break triggering further bullish
push targeting 0.65500 resistance
ii) invalidation bearish break 0.62200
Alt b ( Bearish)
i) looking for bearish break of 0.62000 0.62200 support targeting 0.61000 0.60000
1) Weekly....price found support @0.61000 also a prev strong support
2 Daily....bullish break of "0.62000 0.62200" support zone
3 Hourly....price creating higher highs & lows( uptrend)
Alt a ( bullish )
i) bullish push towards 0.64000 with break triggering further bullish
push targeting 0.65500 resistance
ii) invalidation bearish break 0.62200
Alt b ( Bearish)
i) looking for bearish break of 0.62000 0.62200 support targeting 0.61000 0.60000
Note
hourly: seeing consolidation @ " 0.62800 & 0.62200"Following dollar interest rate hike ...will be interesting to see what price does next
Alt a: need price to break 0.62800 resistance
Alt b: rejection of zone ..bearish continuation
Note
bullish scenario...playing out perfectly
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