After a long range and wedge formed since december until it finally exploted last week closing above the previosu daily high,so right now we got the following confirmations to expect further upside movement:
1. Wedge pattern broke to the upside
2. New HH formed in the higer timeframes
3. closed above the MP & AT fib
4. Broke out after a Elliot compeltion
5. 1st impulse formed now expecting a pullback to form the 2nd one
So i would liek to see a daily or 4h retest 1.6700 area or ideally to the 1.6660 and ocne price reach there ill monitor it on the 4h timeframe and see if we can hold above these levels
1. Wedge pattern broke to the upside
2. New HH formed in the higer timeframes
3. closed above the MP & AT fib
4. Broke out after a Elliot compeltion
5. 1st impulse formed now expecting a pullback to form the 2nd one
So i would liek to see a daily or 4h retest 1.6700 area or ideally to the 1.6660 and ocne price reach there ill monitor it on the 4h timeframe and see if we can hold above these levels