Price broke above the sliding quartile of the median line where previously was finding resistance, it pulled back finding now support confirming the bullish context. It is now developing a bullsh flag pattern and we already keep a closer eye on it. In case price breaks above the correction (flag) going long will be a very nice idea. Stops should be placed below 1.18150 and we should aim for the upper parallel of the pitchfork.
We may also see price retracing retesting the quartile of the set. In such case any buy setup completion will give us a much better risk reward ratio trade setup.
I wish you Merry Xmas! All the best to you and your families, John
p.s: Spot your FREE seat in my four weeks training course on median line analysis (January Class). Info in the signature box below..!