Monthly: July was a hammer candlestick which wicked the weekly supply of 1.367 but then closed above weekly res of 1.38
Weekly: Price formed a morning star after touching the 1.367 level. Price also had formed a strong hammer candlestick followed by a bullish engulfing which " engulfed" 5 weeks of prior price action.
Daily: EMAS crossed over after 1.5 Months and price took out previous swing highs. Price also broke out of the descending triangle with strong bullish momentum following FOMC.
i am long on this instrument but i am currently looking for the 1.39 level to hold as a minor support before getting in for the upside
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