H1 : The first H1 closing @ 47654 (above 47280) see M15 previous post, triggered a pullback towards
the important level of 47280 which hold, followed by a bullish engulfing pattern which closed above the
clouds; such king of price action triggered an unexpected very BULLISH long white candle (4754'0-48952) with
a closing at its highest level.
So, that was the past seen a couple hours ago.
What next ?
On this time frame, a further upside confirmation will be given by a H1 closing above the former higher H1 closing
seen early this morning @ 48952 !!!
Technical indicators are showing some loss of momentum ! (confirmation will be given at the next H1 closing price)
A breakout of the former intraday high of Feb 12th @ 48525 would give a first warning signal of a tactical reversal price action
in progress !
In the meantime watch carefully M5 and M15 as intermediate warning of a potential tactical short term reversal
Have a nice trading day
All the best
the important level of 47280 which hold, followed by a bullish engulfing pattern which closed above the
clouds; such king of price action triggered an unexpected very BULLISH long white candle (4754'0-48952) with
a closing at its highest level.
So, that was the past seen a couple hours ago.
What next ?
On this time frame, a further upside confirmation will be given by a H1 closing above the former higher H1 closing
seen early this morning @ 48952 !!!
Technical indicators are showing some loss of momentum ! (confirmation will be given at the next H1 closing price)
A breakout of the former intraday high of Feb 12th @ 48525 would give a first warning signal of a tactical reversal price action
in progress !
In the meantime watch carefully M5 and M15 as intermediate warning of a potential tactical short term reversal
Have a nice trading day
All the best
