price broke out of bearish parallel channel forming several OHLC candlesticks above the channel , indicating a shift of momentum from bearish to bullish.
currently on the hourly chart , price is making its way to the 1hr supply zone around @ 153.954 price areas where a few pips above is 61.8% retracement @ 153.031 which may be the driving force to pull price to the downside to retest prev. broken channel , where there is extra confluence of the daily imbalance @ 153.031 favored by the shift of momentum to targets @ the daily peak of proximal price @ 157.693.
everyday above ground is a good day - Tony "Scarface" Montana
currently on the hourly chart , price is making its way to the 1hr supply zone around @ 153.954 price areas where a few pips above is 61.8% retracement @ 153.031 which may be the driving force to pull price to the downside to retest prev. broken channel , where there is extra confluence of the daily imbalance @ 153.031 favored by the shift of momentum to targets @ the daily peak of proximal price @ 157.693.
everyday above ground is a good day - Tony "Scarface" Montana
