Hi traders!
Welcome back.
As we can all see that market is strongly bullish weekly and daily buyers have not shown any sign of exhaustion according to the harmonic pattern and target not yet achieved, RSI not yet over bought. And 4h ascending channel still active with strong bullish engulfing candle made at support of the trade line. And 1h, sellers sign of exhaustion is eminent.
In view of the references above, continuation of bullish momentum is 90% possible than bearish, unless if the resistance 4h failed to break, then we anticipate major pullback for internal liquidity. Wish you all the best.
Welcome back.
As we can all see that market is strongly bullish weekly and daily buyers have not shown any sign of exhaustion according to the harmonic pattern and target not yet achieved, RSI not yet over bought. And 4h ascending channel still active with strong bullish engulfing candle made at support of the trade line. And 1h, sellers sign of exhaustion is eminent.
In view of the references above, continuation of bullish momentum is 90% possible than bearish, unless if the resistance 4h failed to break, then we anticipate major pullback for internal liquidity. Wish you all the best.
