The inverted H&S Pattern from last week is still in play.
Last week there was a good buy spot on a retest of the neckline which had confluence with the 50% Fib.
To start this week, we see a 4H bullish engulf pattern after a correction lower, The pair remains a buy on dips. This candle can signal a resumption of the uptrend towards 1.3263 targets.
Last week there was a good buy spot on a retest of the neckline which had confluence with the 50% Fib.
To start this week, we see a 4H bullish engulf pattern after a correction lower, The pair remains a buy on dips. This candle can signal a resumption of the uptrend towards 1.3263 targets.
Trade closed: target reached