Price strucuter is uptrend, where the price managed to break above daily support level.
The price then retraced and retested the support level which is also 50% of fibonacci retracement level.
4h the price closed with bullish engulfing candle which indicates continuation of the uptrend.
The price then retraced and retested the support level which is also 50% of fibonacci retracement level.
4h the price closed with bullish engulfing candle which indicates continuation of the uptrend.
Trade closed: target reached:
price managed to reach my targets of164.5 and 165.0