The price has hit the daily support again and trading inside that support zone. This make a long trade favorable here. The short term target should be the daily resistance 1 zone sitting above and mid term target should be the weekly resistance 1 zone.
The price is currently trading above 4h support 4HS1 as marked on the chart. It is likely that the price will hit this support and bounce from there. A long will be favorable from there for a target towards 11.89. If this support is lost, the price shall hit next 4h support 4HS2 and another long can be attempted from there with a target towards 11.63 area.
The price has hit the daily support as expected in our previous post. This also explains the initial bounce. However it seems price may dip below the support although briefly if not for a long duration. Therefore, I think a bit of patience will be desired before taking a long from this support. If the price reaches 10.14, a long would be more favorable.
The price has broken up the 4h resistance and revisiting the region now marked as 4h support region. The price shall have a bounce he at least to 11.25 level.
