Overall uptrend throughout weekly, daily, and hourly timeframes. For the weekly/daily timeframes price broke above previous highs/resistance. On the 4hr for the most recent move up, there was a rally base rally ( supply & demand
) which created a Golden Zone on the 50% retracement
. The now support area
lines up perfectly with the Golden Zone on 4hr timeframe. Multiple confluences on this setup, just waiting for price to come back down and test this area. About 5:1 Risk to reward. Going long for about 100+ pips, stop loss set any where from 10-20 pips. Hope you guys enjoyed the read, please comment with any feedback or suggestions.