Flow Assessment
- Price is in a daily range and showing a grind upwards with higher highs and higher lows
- We anticipate price to get to the top of the daily range
Location Assessment
- On the H4, price has been holding just before a historical seller’s area, supported by a strong buy push, suggesting a possible buildup area before the breakout to the upside
Momentum Assessment
- A strong force of buyers showed themselves, breaking out of the mini-congestion from 0.6687 to 0.67100, suggesting the buyers are ready to move up
- It is unlikely to be a trap because the origin of the buy swing push on the H4 is still very strong
