Weekly - Key support is holding, the market has had trouble closing below this level for a few weeks.
Daily - A bullish engulfing candle at support shortly follow by a pinbar suggesting the market is rejecting lower levels.
H4 entry, Bullish engulfing off a 61.8 fib retracement is suggesting higher highs will be met.
Targets - These are at weekly resistance which is also in line with the 161.8 extension.
Daily - A bullish engulfing candle at support shortly follow by a pinbar suggesting the market is rejecting lower levels.
H4 entry, Bullish engulfing off a 61.8 fib retracement is suggesting higher highs will be met.
Targets - These are at weekly resistance which is also in line with the 161.8 extension.
Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.