Higher Lows Building Momentum

Price is now looking for a breakout higher with this one with the momentum in recent times slowly building.

As the daily chart shows; price in recent times has rejected the daily support level, but it has also formed a series of higher lows.

This shows price may now be building momentum for a break higher and through the daily chart resistance.

If we can get a breakout of this resistance it could activate long trades and potential breakout and intraday re-test setups.