Important Week ahead of us, all indications and indicators are showing strong momentum, so is expected to see prices break above this resistance?
If that scenario is to play out I want to see and decisive bullish candle breaks the resistance and a retracement to the resistance turned into support and a bullish engulfing candle for good measure, and that will indicate the beginning of the up trend.
However MACD is weakening and we are over-extended in the fork, dangerous at the moment to trade.
If that scenario is to play out I want to see and decisive bullish candle breaks the resistance and a retracement to the resistance turned into support and a bullish engulfing candle for good measure, and that will indicate the beginning of the up trend.
However MACD is weakening and we are over-extended in the fork, dangerous at the moment to trade.