The most recent candle closed over the .236 fibonacci level and its upper wick tested a long term support/resistance level. In addition the ADX indicator is showing a fairly strong trend at 50.38 with a rising positive directional indicator.
I would like to see a close above the descending trend line, which is also in close proximity to the long term support/resistance line (.3493) to confirm the uptrend.
targeting: .3957, .4226, .4610 in the short term.
I would like to see a close above the descending trend line, which is also in close proximity to the long term support/resistance line (.3493) to confirm the uptrend.
targeting: .3957, .4226, .4610 in the short term.
