Closed above trend line and last high fractal .
Looking for 4hr to close above 0.00146 and maintain support at this level then maintain climb to 0.00158.
We did not close above the resistance, however nothing changes as the trend line support has not been broken. The above still applies for the next 4 hour candle.
Ok...we closed above, this is good news. Now we see if this line supports the next candle. If so, we have a new trading channel and we recheck our orders.
Well, support did not hold at 0.00146. The OP still applies until the trend line support is broken.
Break out did not hold after some heavy drops. It looks to be regrouping at the 0.5 line and is approaching the convergence of the top and bottom trend lines where it will either go up, down, or consolidate :)
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