1. There is obvious forming of ascending triangle with higher lows as circled in the chart
2. Each of these lows are supported on the trend line
3. On top of this the current candles are in consolidation and the 20 EMA which supports it adds more confluence for a potential breakout towards upward trend
4. MACD and ATR both shows low volatility and it is the best...
Lower time frame shows a price rejection with a bullish inside bar for lower prices before the day ends on 30 July. Price is also currently along with the ascending triangle with higher lows since April. It is now on the previous resistance turn support price and it is possible to wait for further confirmation on long signals when price crosses the retracement...
