According to my technical analysis starting from the weekly to the 4HR timeframe we see a reaction from each of the timeframes from an engulfing bullish candle which as we should all know as price action traders and any other trader really acts as a level of support and resistance. Now my stop level is a bit tight given that the trade appears to be much more of a...
The reason for the longs is because price broke a crucial level of resistance at 2651 and in regards with the higher time frame analysis I have done all timeframes coincide with the bulls or rather longs prediction up to 2678 and if the price gains more momentum, we will see a bulll run up to around 2734
