Looking at the EJ chart i can see a potential move to 167. Daily FIB bullish move, Price created a nice support at 161. and a mayor level 160. where Both levels were broke and retested several times now this week, there is a mayor bearish trendline where price started to hesitate but price action is telling me it does not want to continue for a bearish move with all the wicks to 161. and 160. level specially after the last daily closure with a DOJI on the Moving Average, i do believe price is gonna start pushing to the upside, price tried to break structure at the 161. but immediately price faked out again breaking above the MAs. i would like to see Price start breaking intra day highs ( highs above 162.500 ) or a potential retest to 161. for an entry.
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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.