On the Monthly TF, price has tested latest resistance creating a large M formation. On the Weekly TF, price is currently at the top of the bullish channel. On the Daily TF, price is currently below the top BB, retesting top of the bullish channel, and testing the Golden Zone. If the Golden Zone and BB holds, I will be looking for price to reverse down middle BB....
On the Monthly, price has stalled out for the third time around the 1.21 range creating a triple bottom. On the Weekly, I see a double bottom with a large W formation. On the Daily, price has already tested the .382 creating HH HL in a bullish channel. Price may pullback to the bottom of the channel before making the big move to the middle BB so I will be waiting...
Triple Bottom on the M. W formation on the Weekly. Price has bounced upward off of bottom BB two weeks ago on the Weekly TF. Price has already retested bottom of long term downward channel with a pullback to the Golden Zone all on the Daily. Look for price to continue going up to the middle BB band on the Daily.
Triple bottom on the Monthly TF. W formation on the Weekly TF. Currently in a long term downward channel possibly going back up. Looking for price to test the Golden Zone for the continuation upward. Price is currently at the Lower BB on the Weekly.
Currently in Long Term Consoldation on the M and W TF. Triple Top on the Daily. Looks to be reversing back down and will be looking for price to reach bottom BB band on the Daily around 1.62 possibly to the Daily support around the 1.58 area. Price is currently at the middle BB band on the weekly so it could potentially go back up to top BB band.
