Now the USD has broken through the key trendline support we could potentially see a significant USD sell off.
The 4hr chart here has started to form higher highs and higher lows and could continue the uptrend.
Our moving averages have crossed bullish on this timeframe also adding to our confluence. Applying the Fibonacci we can see the
50% fib retracement is sitting at a minor area of structure. If price retraces to here and forms bullish price action we will look for a long
opportunity into the 127.2 fib extension.
The 4hr chart here has started to form higher highs and higher lows and could continue the uptrend.
Our moving averages have crossed bullish on this timeframe also adding to our confluence. Applying the Fibonacci we can see the
50% fib retracement is sitting at a minor area of structure. If price retraces to here and forms bullish price action we will look for a long
opportunity into the 127.2 fib extension.