The support and resistance lines are taken on a weekly chart, resistance slope taken on a daily chart framed. Formed a nice triangle in which we see a consolidation. Chart is making higher lows and lower highs. The 12 and 26 ema will touch if a bearish candle is formed. Once support is hit we will see a bonce back to resistance .
This will be a long term trade as we should see support hit by the end of the week.
This will be a long term trade as we should see support hit by the end of the week.