The price is bouncing from 4h support as expected and mentioned in the previous post. I believe this bounce will lead the price to at least 4h resistance 1 zone. Lets target that first and based on the momentum we can see whats the probability of it going further up from that resistance zone.
Note
The chart in the original post has text overlapping so here is another one where the text can be read clearly and the chart can also been seen better.Note
The price has hit the target resistance zone as expected and mentioned in the original post. From the characteristics of the price action it seems that the price may have a minor pull back due to this resistance zone (4h resistance 1), but after that it may aim for 4h resistance 2 zone as marked in the chart below.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.