Hello world,
basically, this analysis is based on H4 timeframe. We can see that after „ECB storm“ market successfully tested ascending trendline based on D1 timeframe. Now I expect next move UP from RESISTANCE zone, which is now SUPPORT zone. Now I am waiting for price action confirmation - i think that H1/H4 engulfing bar or pin bar would be nice signal to open this trade.
Thank you for your attention and good luck!!
basically, this analysis is based on H4 timeframe. We can see that after „ECB storm“ market successfully tested ascending trendline based on D1 timeframe. Now I expect next move UP from RESISTANCE zone, which is now SUPPORT zone. Now I am waiting for price action confirmation - i think that H1/H4 engulfing bar or pin bar would be nice signal to open this trade.
Thank you for your attention and good luck!!