There’s a correction under the nearest “Window”. Also, we’ve got a “Hammer” on the 34 Moving Average, which has been confirmed. Therefore, the market is likely going to test the “Window” once again. If we see a pullback from its upper side, there’ll be an opportunity to have an achievement of the 55 Moving Average.
As we can see on the Daily chart, here’s a “Harami” under the closest “Window”, so bulls will probably try to reach the nearest resistance.
We’ve got an “Engulfing” and a “Shooting Star” at the local high. In this case, it’s likely to see a support by the lower side of the “Window”. If a pullback from this level happens, bulls are likely going to deliver a local upward price movement.
Origin: FX BAZOOKA
