On the H4 time frame, prices are showing bullish order flow and holding in an ascending channel where a throwback to the support zone at 1794.80 in line with the Fibonacci confluence levels could present an opportunity to play the bounce to the resistance target at 1846.00. Prices are holding above the ichimoku cloud as well, supporting the bullish bias.
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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.