The Weekly ran down to the monthly tenkan and last week we could not break it (yellow zone). In fact we closed with a bullish candle in the form of an inverted hanging man on a very strong resistance which adds confluence. So we were now looking for a good entry positions. We zoomed down to daily and yesterday’s candle closed above its tenkan,this could mean the bulls can hold prize and possibly take it all the way up. Of note is the daily twist that we are approaching, this sometimes acts as a passage for price. Entry: 1.07246
SL : 1.07005
TP : 1.07999
R : 2.9


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