GJ will probably make this path in order to to retest the weekly highs.
We can see where the price tried to break before on the support, so now if the same happens, we can see a reversal and the price will go up.
We can experience a retest when reaching the resistance area; 2 scenarios are possible, the price can break and retest to continue up, or reach the resistance level, fall or fakeout & fall.
If the price reaches the resistance area, we can see a breakout, retest and uptrend, or fakeout and consolidade again to the support level.
2 scenarios here: price breaks retests and goes up, or it reaches the R level and falls down.
A possible H&S. might break and retest and go up, or fake out and continue down; KEEP IN MIND, the channel is in an uptrend.
Hi folks. This is a simple support and resistance trade. hope you enjoy
might see the continuation of bullish if it doesnt keep falling in the next hours
possible pattern repetion of last week
Reached a bullish trend zone, if Trump delivers some good tweets we should be on the run to the moon. Also, longterm it may still retrace to 1480.
It may be risky but market will probably tend bullish after 1483-1485.
