Confluence factors:
-Flag pattern
-Possible 38.1 fibo retest
-Support/resistance
-Possible 50 EMA retest
-Bullish channel
You can either decide to trade the breakout or trade the retest zone. Remember breakouts confirm the patterns that we think the market is doing. In this case, we are talking about a POSSIBLE (not confirmed) flag pattern. If the price breaks the above line and breaks the flag, then the flag is confirmed. Always manage your money wisely.
-Flag pattern
-Possible 38.1 fibo retest
-Support/resistance
-Possible 50 EMA retest
-Bullish channel
You can either decide to trade the breakout or trade the retest zone. Remember breakouts confirm the patterns that we think the market is doing. In this case, we are talking about a POSSIBLE (not confirmed) flag pattern. If the price breaks the above line and breaks the flag, then the flag is confirmed. Always manage your money wisely.