At the start of the week, price broke out of our daily level of 167.500 and the 4H resistance level. Price has recently came back into the 4H zone for the retest and in the same time frame price has retested and created a bullish engulfing candlestick to confirm the move to the upside into 170.000. If price is willingly able to break that daily level of 170.000 and close above it we will see the move play out into 171.366 and potentially 172.000
Trade closed: stop reached:
Price broke under our 4H level.