There is an uptrend and price is in an ascending parallel channel.
On the other hand, price is approaching to the channel’s upper band and also reaching the resistance levels at 1796-1805 which I consider it as a supply zone either.
I expect the price to touch 1790 and even higher to revisit the supply level (1796-1800), then IF there was any strong push to the downside and a rejection from the channel’s upper band, we might see a fall in price to retest the channel’s lower band (around 1775).
On the other hand, price is approaching to the channel’s upper band and also reaching the resistance levels at 1796-1805 which I consider it as a supply zone either.
I expect the price to touch 1790 and even higher to revisit the supply level (1796-1800), then IF there was any strong push to the downside and a rejection from the channel’s upper band, we might see a fall in price to retest the channel’s lower band (around 1775).
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