Price is rising towards the supply zone which aligns with the 50% Fibonacci retracement and the long-term moving average 100.
As you can see, the price is also moving in an ascending channel on the H4 timeframe.
In my analysis, I believe a breach beneath the lower part of the channel could lead momentum carrying price to the downside.
I'm bearish biased.
Short!
As you can see, the price is also moving in an ascending channel on the H4 timeframe.
In my analysis, I believe a breach beneath the lower part of the channel could lead momentum carrying price to the downside.
I'm bearish biased.
Short!