Bullish channel break, 38.2 bearish retracement target is 61.8(17.290) retrecement zone frome nearest (c) at 16.700 area,this zone is also a 38.2 zone based on a retracement from the low on the weekly tf.on the weekly price has broken past this level after a strong bullish run,this area is for me the most logical area for a retest.
Daily;Morning star candle formation Trendline Break MA crossover -currently waiting for fib retracemment for entry
Bigger Timeframes point to bullish momentum. Weekly-morningstar candle formation. Weekly-38.2 bullish candle support a well as 50 bullish fib wick. Daily-morningstar candlestick on(simultaneous)EMA 50 support(touch) 4h;61.8 bullish fib. Bullish engulfing candle on 61.8. Counter trendline Break. MA,s likely to fail crossover on this timeframe