Keeping it simple. Price currently sits on our monthly support level @0.70500.It is clearly seen on the daily a bullish engulfing which closed on
Friday. Now on the H4 timeframe an inverse heads and shoulders pattern has formed with the right shoulder printing out our 1st (H.L) Moving forward we should see price reach 0.70900 which is our first target region before reanalyzing. Entries would be on lower timeframes as you would have to wait for a break of a mini resistance level and wait for a pullback(H.L) and with a bullish engulfing or variation pattern you enter a buy. Thanks.
Friday. Now on the H4 timeframe an inverse heads and shoulders pattern has formed with the right shoulder printing out our 1st (H.L) Moving forward we should see price reach 0.70900 which is our first target region before reanalyzing. Entries would be on lower timeframes as you would have to wait for a break of a mini resistance level and wait for a pullback(H.L) and with a bullish engulfing or variation pattern you enter a buy. Thanks.