The daily structure is indicating that price is trading in the direction of the overall uptrend. Price is held supported and it bounced off of the EMA20.
Over on the H1 timeframe, there's quite a few confluences. There's a chance that momentum really picks up in this session.
Price is breaking above DTL, indicating momentum has a chance to pick up going into this Sydney/Tokyo session.
Price is also showing confluence with the higher TF, trading in the direction of the uptrend.
Price is also exiting away from the EMA band. However, there's a lot of overlap with the EMAs so it's a rather weak signal.
http://dlvr.it/TNqmYY
Over on the H1 timeframe, there's quite a few confluences. There's a chance that momentum really picks up in this session.
Price is breaking above DTL, indicating momentum has a chance to pick up going into this Sydney/Tokyo session.
Price is also showing confluence with the higher TF, trading in the direction of the uptrend.
Price is also exiting away from the EMA band. However, there's a lot of overlap with the EMAs so it's a rather weak signal.
http://dlvr.it/TNqmYY
