Price has previously rejected the support at 23250 strongly and retraced higher breaking out of a Falling Wedge, indicating further upside. It also has confluence with the Bullish Tideshift setup. I'll be expecting price to atleast retest the 25500 Institutional Level.
4H
Price has broken out of a Falling Wedge pattern with EMA crossing-over to the upside, followed by a Wide Inclining EMA 14. I'll be looking for a long opportunity in this pair at the 38 level or the Fib 62 region.
Bias = Bullish
Structure = Impulsive phase, waiting for corrective phase for entry.
Setup = Potential Fib 2.0, 4H MSB
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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.