Hope everyone is doing well these past few days.
With CPI and charts indicating a rise in price.. it should come as no surprise that the price is respecting the diagonal support here and looking to break out.
On the 4Hr and Daily you can easily draw this support and see how clean it looks.
Should see a break shortly and the price rise to the top of the channel in the next trading sessions.
Holding a long position from 2381.5, SL is 2369 (LFG), Take profit TBD… if this breaks the ceiling I may hold onto it.
Although.. it’s always better to take profits and I’m looking towards 2407-2413 area near the top of the channel and horizontal resistance.
With CPI and charts indicating a rise in price.. it should come as no surprise that the price is respecting the diagonal support here and looking to break out.
On the 4Hr and Daily you can easily draw this support and see how clean it looks.
Should see a break shortly and the price rise to the top of the channel in the next trading sessions.
Holding a long position from 2381.5, SL is 2369 (LFG), Take profit TBD… if this breaks the ceiling I may hold onto it.
Although.. it’s always better to take profits and I’m looking towards 2407-2413 area near the top of the channel and horizontal resistance.
