Currently, the price has formed a bullish head and shoulder pattern. there is also an ascending triangle.
If the price breaks out of the ascending triangle on the top side then there will be clear indications that the price will rise to upper levels.
The price is almost about to rest on a daily supply zone which in turn might trigger a bullish movement. Waiting for it to give the right conditions for a long position
Due to the trendline which acts as a support on the h4 and the support zone on the h1 where it is currently resting. The market shows a bullish probability.
The pair will respond to touching the supply and demand zones. currently moving from the supply zone to the demand zone and from there it will rise to the higher supply zone.
any more thoughts??
