Daily price action has made a higher high at $1.557 and now has pulled back to its previous structure level at $1.500.
$ 1.500 price zone has provided multiple support levels arising from Price Support & EMA support. One thing watch out is if this pull back start to form a Bearish Flag. Ideally I would be looking for a Intra day 4Hour pattern as my entry trigger. Also supporting our Bullish bias is last week’s close, which closed as a Green candle with barely any wicks.
From a 4H timeframe, price has been able to close above all 4H moving averages and all three are nicely hugging each other , which brings added strength if this were to shoot upward.
