Price is still bullish on the Daily TF.
Price also just test the lower trendline in the price channel, also formed an inverted H&S pattern.
The RSI and MACD on the 1H also suggest a move to the upside.
I expect price to break and retest the current resistance level on the 1H TF and continue to the upside to test the higher resistance level.
Disclaimer: This is in no way trading or financial advice.
Please like & follow if you find this analysis helpful. Cheers!
Price also just test the lower trendline in the price channel, also formed an inverted H&S pattern.
The RSI and MACD on the 1H also suggest a move to the upside.
I expect price to break and retest the current resistance level on the 1H TF and continue to the upside to test the higher resistance level.
Disclaimer: This is in no way trading or financial advice.
Please like & follow if you find this analysis helpful. Cheers!
Trade active:
40 pips in profit. Let's see if price will hit TP.
Trade closed manually:
Closed the trade at 50 pips profit.