On the chart, we see a confirmed upward structure forming on the 2-hour timeframe. I will be looking for an entry point from one of the FWG in the OTE zone based on the Fibonacci retracement from the last move and after a break on the 5-minute chart. The nearest target will be the update of the local high, and the next target will be the 4-hour FTA.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.