ONTUSD is trading within a Channel Up on the 4H chart since he January 3 bottom.
Levels to watch:
- The MA50 on the 4H chart is supporting so far the uptrend. As long as it doesn't break, the price targets the 0.9550 Resistance 1.
- If the MA50 breaks the pattern makes a pull back for a higher low. This happened in January 19.
Projection:
- This appears...