Overview:
The bearish market structure has been broken by the strong bullish momentum seen over the past few days. The EMAs have crossed over on daily timeframe further indicating a trend reversal
Set-up:
The ideal set-up would be to wait for a new HL to be formed around the resistance-turned-support level of 130.500. This level has also not be retested as yet.
The bearish market structure has been broken by the strong bullish momentum seen over the past few days. The EMAs have crossed over on daily timeframe further indicating a trend reversal
Set-up:
The ideal set-up would be to wait for a new HL to be formed around the resistance-turned-support level of 130.500. This level has also not be retested as yet.