The pair is currently maintaining a bullish structure after breaking above the descending trendline. Price is approaching a Fair Value Gap (FVG) zone, which acts as a short-term resistance.
We are anticipating a bullish continuation, but confirmation is needed. A 4H candle close above the FVG zone will validate the breakout, turning this FVG into an Imbalance Fair Value Gap (IFVG) — indicating strong bullish intent and potential continuation toward the 0.87385 resistance level.
Until then, we remain cautiously bullish, awaiting that decisive breakout confirmation.
We are anticipating a bullish continuation, but confirmation is needed. A 4H candle close above the FVG zone will validate the breakout, turning this FVG into an Imbalance Fair Value Gap (IFVG) — indicating strong bullish intent and potential continuation toward the 0.87385 resistance level.
Until then, we remain cautiously bullish, awaiting that decisive breakout confirmation.
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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.