Whilst this is not a market we normally look at or discuss, price is now moving into a major daily support level.
As the attached daily chart shows; this support level recently held as a resistance level on the daily chart and it could soon look to act as a new price flip level.
Price has now formed an inside bar followed by a small indecision candlestick on the daily chart.
If we can see this level hold with any sort of bullish price action it could open the way for long trades on the higher time frames that would be inline with the trend higher and at this major support level.
As the attached daily chart shows; this support level recently held as a resistance level on the daily chart and it could soon look to act as a new price flip level.
Price has now formed an inside bar followed by a small indecision candlestick on the daily chart.
If we can see this level hold with any sort of bullish price action it could open the way for long trades on the higher time frames that would be inline with the trend higher and at this major support level.
