I noticed the previous daily candle/close. Strong bullish
recovery closing well above ascending trend line
. Strong S/R long term around 109-110. Tested 110 but didn't look back. Also had a breakout of the more current descending channel
. 2 days pulling back and testing the descending channel
now up 59cents. Looks bullish
Please trade with care and within your budget. I take no responsibility for any trades placed on ideas published.
I always like the breakout but wait for the test on the channel before entering a trade.
Trend is your friend! (but always watch your daily S/R)