Zooming out and taking a look at the Daily-timeframe chart, it can be inferred that the price is trading within the barriers of the ascending channel that is portrayed on the graph.
After bouncing off the lower boundary of the parallel channel since the initial analysis (the link of which will be attached to the chart) was posted, "impulse+correction" patterns have been able to drive the price all the way towards the up-trending diagonal that is highlighted on the graphic by printing a huge move of 250+ pips.
As it stands, we are expecting further bullish impulses that will - potentially - drive the price up and reach our pre-determined target.
After bouncing off the lower boundary of the parallel channel since the initial analysis (the link of which will be attached to the chart) was posted, "impulse+correction" patterns have been able to drive the price all the way towards the up-trending diagonal that is highlighted on the graphic by printing a huge move of 250+ pips.
As it stands, we are expecting further bullish impulses that will - potentially - drive the price up and reach our pre-determined target.
