Price is near 78.6 retracement.
Close by are other areas of fibo confluence
Yellow box indicates structure
Price has just broken out of minor pink trend line. A retest would be ideal.
Red line is strong ascending trend line resistance which price is touching.
Majorly strong divergence on RSI>
On small time frame 15mins - entry looks to be 1.04120 with about 30 pips stop loss.
Potential gain is up to 250pips - area of main structural resistance.
Close by are other areas of fibo confluence
Yellow box indicates structure
Price has just broken out of minor pink trend line. A retest would be ideal.
Red line is strong ascending trend line resistance which price is touching.
Majorly strong divergence on RSI>
On small time frame 15mins - entry looks to be 1.04120 with about 30 pips stop loss.
Potential gain is up to 250pips - area of main structural resistance.
- made a rally then retraced to 1.0340 which is acting as support.
- 4hr RSI showing bullish momemtum