Price is in a larger consolidation phase for the better part of August. After tapping the previous low of the structure at around 1.158, price formed an impulsive leg and is now forming a bullish continuation. Considering Labor Day Monday in the US, it could take some time for price to finish the structure before we see the next impulsive move to the upside.
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👉 The pairs I publish here are usually discussed in detail in my Weekly Forex Forecast (WFF) and are now showing further developments or price action worth mentioning.
Remember, technical analysis is subjective; develop your own approach. I use this format primarily to hold myself accountable and to share my personal market views.
⚠ Ensure you have your own risk management in place and always stick to your trading plan.
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*** **** *****
👉 The pairs I publish here are usually discussed in detail in my Weekly Forex Forecast (WFF) and are now showing further developments or price action worth mentioning.
Remember, technical analysis is subjective; develop your own approach. I use this format primarily to hold myself accountable and to share my personal market views.
⚠ Ensure you have your own risk management in place and always stick to your trading plan.
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