1.16000 is of psychological support.
We see a Bullish Black Swan Pattern on the H1 chart.
We may see a retracement towards 1.16500 1.16800 and 1.17200
However, bearish pressure remains on the pair unless it closes above 1.17200.
Cycle Sniper & Reversal Sniper Indicators:
We had a weak buy signal at 1.16100 by the Cycle Sniper and Reversal Sniper indicators’ smaller periods settings which confirms the Bullish Black Swan.
Intraday traders may buy the pair targeting 1.16500, 1.16800 and 1.17200.
We see a Bullish Black Swan Pattern on the H1 chart.
We may see a retracement towards 1.16500 1.16800 and 1.17200
However, bearish pressure remains on the pair unless it closes above 1.17200.
Cycle Sniper & Reversal Sniper Indicators:
We had a weak buy signal at 1.16100 by the Cycle Sniper and Reversal Sniper indicators’ smaller periods settings which confirms the Bullish Black Swan.
Intraday traders may buy the pair targeting 1.16500, 1.16800 and 1.17200.
Trade closed: target reached
Discord Channel : discord.gg/Ku9kzfq
Cycle Sniper Indicator: mql5.com/en/market/product/51950
Cycle Sniper Indicator: mql5.com/en/market/product/51950
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Discord Channel : discord.gg/Ku9kzfq
Cycle Sniper Indicator: mql5.com/en/market/product/51950
Cycle Sniper Indicator: mql5.com/en/market/product/51950
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.