Bullish Trend Continuation
The daily trend is heavily bullish and there seems to be a continuation after a retracement on the 4HR TF right now.
If the price goes and closes above the resistance zone (green triangle zone), it needs to retest again and then continue up towards the next daily resistance level (Green Horizontal line).
I am personally not interested to trade a trend reversal here as there are no signs of weakness so far on the daily. In order to consider a sell order, I want to see a major swing low level being broken and also some strength signals on the Dollar Index.
Both CCI & William %R are also displaying a bullish momentum.
If the price goes and closes above the resistance zone (green triangle zone), it needs to retest again and then continue up towards the next daily resistance level (Green Horizontal line).
I am personally not interested to trade a trend reversal here as there are no signs of weakness so far on the daily. In order to consider a sell order, I want to see a major swing low level being broken and also some strength signals on the Dollar Index.
Both CCI & William %R are also displaying a bullish momentum.