Price recently climbed over a strong level of resistance and found support.. Price action is present for the supportive level. The cloud shows support price in the bullish landscape. Overall highs have been descending which is where I placed a resistance level. However, price may break this level for further climbing. Take a look at the comparison and I have included the 4hr and Daily time frames. A nice risk/reward is available if you adjust your position size due to a larger amount of pips required for the stop loss.
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Disclaimer
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.