Price was in a rising channel on the 1 hour time frame. It has broken the channel to the upside. However this is a key resistance area on the 4 hour chart. Therefore I am watching to see if a key level is broken
If it is broken that means I will be waiting for a retest of the level before going bullish with a swing trade.
If not I will be going short.
Fundamentals would also help for to get a better understanding.
If it is broken that means I will be waiting for a retest of the level before going bullish with a swing trade.
If not I will be going short.
Fundamentals would also help for to get a better understanding.