As you see in the 1H chart, Price was moving sideway in a rectangle pattern to do some correction and rest.
Finally, the sideway zone has broken out to the upside sharply and we can see the last 1H candle has been closed above this zone.
Currently, price has approached to the last month’s high which is also a resistance level in 1H (152.83) and after touching this level, it has been pushed to the downside.
We should wait for price to retrace or make a low, then looking for bullish signals in m15 to enter long with a target to $157
Finally, the sideway zone has broken out to the upside sharply and we can see the last 1H candle has been closed above this zone.
Currently, price has approached to the last month’s high which is also a resistance level in 1H (152.83) and after touching this level, it has been pushed to the downside.
We should wait for price to retrace or make a low, then looking for bullish signals in m15 to enter long with a target to $157
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