The 4Hr frame shows market to be climbing out of a right shoulder configuration on a confluence in (+ve) momentum on 4HR + Day & 1HR frames. There is now a possibility to break above and support the neckline shown. (compare green & red arrows shown on momentum).
On the 4-HR frame targets can escalate to 139.2 & 140.2,before consolidation back to neckline.
Profitable Trading
Summerset
On the 4-HR frame targets can escalate to 139.2 & 140.2,before consolidation back to neckline.
Profitable Trading
Summerset
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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.