On 21st July price made a recent low, before impulsing higher and breaking market structure to the upside. Higher highs and higher lows were being made before this recent corrective structure. This structure didn't make new lower lows so I am still bullish on this pair.
Price broke out of this corrective structure to the upside. A similar move as the one from 21st July to 3rd August would see a previous recent high taken out, also lining up with fib extension targets.
Stops placed within the corrective structure.
Price broke out of this corrective structure to the upside. A similar move as the one from 21st July to 3rd August would see a previous recent high taken out, also lining up with fib extension targets.
Stops placed within the corrective structure.