Price on the higher timeframe is moving within an ascending channel making higher highs & lows. Price has now made a nice correction off the top of the channel for a higher low, & is nearing the bottom of the channel once again which aligns with a strong area of support. From the zone below, I will be watching price action for signs of a bullish reversal & a continuation of the higher timeframe uptrend.
Commento:
(4 hour) support zone of interest below which price has made a sharp reversal from in the past.
Commento:
Trade of the week +600 pips!