Price has broken the current upward channel (Green lines) and approached the old daily resistance level,
the MA100 level on both the daily and the 4H, a previous support level and the 0.382 Fib retracement from the impulse movement to the upside.
All signs and indicators show a strong level of support here.
Will be looking to see if the price holds here and retests the green channel before opening a long position.
the MA100 level on both the daily and the 4H, a previous support level and the 0.382 Fib retracement from the impulse movement to the upside.
All signs and indicators show a strong level of support here.
Will be looking to see if the price holds here and retests the green channel before opening a long position.