TRADE: IMP - CORR - IMP ANALYSIS: Price is in a bullish trend and has formed a volatile bearish corrective structure. The corrective structures volatility indicates that there is still buying interest. As price nears the support zone I expect price to hit buy orders and extend its next leg up into an impulsive move.
Trade: Small Corrective Structure Explanation: The pair has broken the falling wedge pattern and proceeded into a small CS. Currently it is consolidating in a tight zone and an LLT will be placed at the bottom of this CS for an anticipated push higher. HTF is showing a bullish trend, however momentum is subsiding.