The 4H chart is looking very much Bullish with the with price breaking out of a resistance structure with an immediate gap target open to 1685. We can also see MEA5 has crossed all MAs for a Bullish continuation with the last MA, MA200 being crossed on market close and potentially lock on Market open.
Our plans are to trade this with taking buys from any dips for the bull targets and track the movement level to level up and down using EMA5 cross and lock to confirm the movement.
EMA5 CROSS AND LOCK ABOVE 1672 WILL OPEN FOLLOWING BULLISH TARGETS
BULLISH TARGETS 1685 - 1691 - 1700 -
EMA5 CROSS AND LOCK ABOVE 1700 WILL OPEN 1708, 1718
BULLISH TARGET 1708 - 1718 -
BEARISH TARGETS 1672 - 1661 -
EMA5 CROSS AND LOCK BELOW 1661 WILL OPEN THE FULL SWING RANGE
SWING RANGE 1636
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