1. Price has been in a downtrend for a long time and finally went to the strong demand area.
2. Price formed a head and shoulder at the demand area
3. On NFP release on Friday, the price broke above the S/R 1 zone as well as the neckline of the Head and Shoulder pattern.
4. Price should AT LEAST go up to the S/D 1 area
2. Price formed a head and shoulder at the demand area
3. On NFP release on Friday, the price broke above the S/R 1 zone as well as the neckline of the Head and Shoulder pattern.
4. Price should AT LEAST go up to the S/D 1 area