H1 : Closing price of the last H1 candle was below the Mid Bollinger Band and outside of the
Former ongoing uptrend channel.
Watch pullback which will validate if it failed to reenter in the former uptrend channel or invalidate in case of a return in this uptrend channel.
A confirmation of this breakout (expected) would put the focus on the 54’567 level and then
Towards the clouds support level, ranging from between the 23.6 % and the 50% Fib ret, respectively 53’730 and 51’400)
A successful pullback will support the former ongoing bullish price action within the former uptrend channel opening the door for higher levels.
M15 : Currently clouds support zone breakout in progress !!!
A failure to stay and hold above the clouds would open the door for targets mentioned in H1
Ironman8848
Former ongoing uptrend channel.
Watch pullback which will validate if it failed to reenter in the former uptrend channel or invalidate in case of a return in this uptrend channel.
A confirmation of this breakout (expected) would put the focus on the 54’567 level and then
Towards the clouds support level, ranging from between the 23.6 % and the 50% Fib ret, respectively 53’730 and 51’400)
A successful pullback will support the former ongoing bullish price action within the former uptrend channel opening the door for higher levels.
M15 : Currently clouds support zone breakout in progress !!!
A failure to stay and hold above the clouds would open the door for targets mentioned in H1
Ironman8848
