Price has been moving within this ascending channel. We are approaching a key level of resistance which I expect to be broken; however, I will try to react instead of predicting.
Price has also printed a Shark Pattern (Zig Zag Period:10 , Error Rate: 10%) on this key level and had a strong rejection within PRZ.
Fib levels are from the 1-Month TF.
DXY is also currently has strong bearish action with a possible reversal. These upcoming levels will be something to watch.
Trade active
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Already entered, however I'll cap current profits and look to enter again around the same area on the retest of the TL. Doing this because my entry was a bit premature and also incase there is a change in sentiment and other factors that affect the market.
Hey buddy, I am also looking for longs! Weekly TF is still bullish, so I am expecting the price to come up. Overall, great analysis! Glad you use DXY! Cheers