USD/CZK Long-Term Trend: Bullish
Key Resistance Levels: 22.09785, 22.30143, 22.31000.
Key Support Levels: 21.94846, 21.80339, 21.80000.
The price on the higher time frame found support around the 21.75000 CZK level and reversed to move higher. The market succeeded to break the daily resistance (now support) around the 2194846 CZK mark and is expected to move higher in the coming hours.
USD/CZK Medium-Term Trend: Bullish
On the lower time frame, the pair broke out of the Wyckoff accumulation phase to the upside with the help of big bullish bars. Now the market is traded above the 2188962 CZK mark inside a bullish flag formation. We could a breakout of the flag to the upside and a continuation of the main trend toward the next key level.
Buy Limit Order @ 21.95622
TP 1 @ 22.09077
TP 2 @ 22.30143
Stop Loss @ 21.88962
Trade Safely 🙂