Tuesdays Piercing Line Daily Candle pattern - Bullish sign
Closing price was the highest for the current month
Ichimoku Kijun-sen is flat - which usually indicates that price should attract near or to that level
Hourly Chart
4hr Ichimoku clouds broken - A sign that a change of trend to the upside.
Any pull back in the coming days if we are still in this range, the support should be found at the weekly pivot / 38.2 fib
Outlook Trade opportunity
For late comers or accumulation - Any pullback towards the 38.20 fib / Cloud retest / Weekly PIvot targetting 0.80-.81 area is possible giving around 3:1 risk reward.
Risk Level Low
Tips -
Always take note of any economical news event on our provided calender below
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