price is in a strong up trend, and has re-tested the upward trendline after breaking above the previous high.
61 fib golden zone has been tapped on the trendline bounce and pushed back above where price holding this area.
price has spent most its time between 1.68500 and 1.76000 to which price has seen this bottom level and is progressing up to 1.76000 the top resistance where the -61 fib aligns a perfect setup.
confluences
-bounce off bullish trendline
- fib level that aligns with trendline bounce and target area aligns with -61 fib
- forming bullish penant getting smaller higher lows.
- oil is currently at a weak price weakening cad.
-gbp is strong
61 fib golden zone has been tapped on the trendline bounce and pushed back above where price holding this area.
price has spent most its time between 1.68500 and 1.76000 to which price has seen this bottom level and is progressing up to 1.76000 the top resistance where the -61 fib aligns a perfect setup.
confluences
-bounce off bullish trendline
- fib level that aligns with trendline bounce and target area aligns with -61 fib
- forming bullish penant getting smaller higher lows.
- oil is currently at a weak price weakening cad.
-gbp is strong