The price is moving in an uptrend, where the price managed to break and close above daily resistance level which is also a last week high, turning it to support level.
My bias is bullish so i will wait for the price to retest support level which is also a 50% fibonacci retracement level, if i can get confirmation i will take a long position.
My bias is bullish so i will wait for the price to retest support level which is also a 50% fibonacci retracement level, if i can get confirmation i will take a long position.
Trade active:
price retested support level then formed a bullish rejection candle before making an impulse move
Trade closed: target reached