Price Action: Bullish
Pattern: Break and retest of trend resistance
Long-Term Momentum: Bullish
Short-Term Momentum: Bullish
Bias: Long
Action: Enter all U.S. pairs after a break and retest of WR (95.16) level.
Comments: Price is currently testing the 130 EMA on the weekly chart. This EMA is often the last area of S/R when momentum is shifting. The last candle in the chart also indicates the price will continue to move in a bullish manner bc of the strong bounce off trend resistance
Pattern: Break and retest of trend resistance
Long-Term Momentum: Bullish
Short-Term Momentum: Bullish
Bias: Long
Action: Enter all U.S. pairs after a break and retest of WR (95.16) level.
Comments: Price is currently testing the 130 EMA on the weekly chart. This EMA is often the last area of S/R when momentum is shifting. The last candle in the chart also indicates the price will continue to move in a bullish manner bc of the strong bounce off trend resistance