We can see that a double bottom has been formed.
And candles are closing higher each time it gets rejected at the bottom, possibly signaling a strong bullish momentum.
Currently being held back at the level of resistance, looking for that break to the upside to enter trade.
Best to wait for London open.
Target the next level of resistance.
And candles are closing higher each time it gets rejected at the bottom, possibly signaling a strong bullish momentum.
Currently being held back at the level of resistance, looking for that break to the upside to enter trade.
Best to wait for London open.
Target the next level of resistance.
Trade closed: target reached