4 Hour Time Frame:
Confluences
Price Action (P.A) currently printing Higher Highs (H.H) and Higher Lows (H.L), is now in a uptrend.
Uptrend Channel.
Counter Trend-line.
Inside bar formation highlighted by the yellow rectangle.
Price action (P.A) currently printing a bullish pin-bar candle suggesting further bullish momentum.
200 EMA acting as dynamic support for Price Action (P.A).
Conclusion
What will Price Action do after the weekly Resistance level of 95.00 is met?
Confluences
Price Action (P.A) currently printing Higher Highs (H.H) and Higher Lows (H.L), is now in a uptrend.
Uptrend Channel.
Counter Trend-line.
Inside bar formation highlighted by the yellow rectangle.
Price action (P.A) currently printing a bullish pin-bar candle suggesting further bullish momentum.
200 EMA acting as dynamic support for Price Action (P.A).
Conclusion
What will Price Action do after the weekly Resistance level of 95.00 is met?
Trade closed: target reached