Price has been in a H4 uptrend and has cracked above our key zone. Price has came back to re-test structure as support and has bounced away multiple times, 50 SMA below 8 SMA indicating buying pressure, fib also confirming our golden zone on the 15 min. If price continues to fail to break below a move to the upside is looking very favourable. I have took a long position with stop at previous support and will be targeting previous highs.
FibonacciSupport and ResistanceTrend Analysis

Haftungsausschluss