Since price has broken out of a higher time frame ABC correction, we can be expecting a longer term move upwards.
On lower time frame, price has made an impulse upwards back into an area of resistance. Since price has made an inverse head and shoulders we could see a retrace towards the 1.3000 level before a move upwards and out of our descending channel and a longer term move upwards
On lower time frame, price has made an impulse upwards back into an area of resistance. Since price has made an inverse head and shoulders we could see a retrace towards the 1.3000 level before a move upwards and out of our descending channel and a longer term move upwards