Nice clean checkback on the supply line here, still have some work to do on clearing out the Ichimoku cloud though. Id find confidence above 1.16, ideally with a proper check back followed by continuation.
You would need to test the .382 at 1.84 (Dragons hump) next, with a little overhead resistance at 1.37 on the way.
Historically its straight up and down between here and the .382, but if you break above that, id be looking at 2.95 next at the .618
Very common pattern right now and thats usually a minimum target zone, though i have seen some reach 1.13 and higher.
You would need to test the .382 at 1.84 (Dragons hump) next, with a little overhead resistance at 1.37 on the way.
Historically its straight up and down between here and the .382, but if you break above that, id be looking at 2.95 next at the .618
Very common pattern right now and thats usually a minimum target zone, though i have seen some reach 1.13 and higher.