On the H4 time frame, prices are approaching the support zone at 1786.00, in line with the ascending channel’s support and Fibonacci confluence level. A throwback to the support zone at 1786.00 could present an opportunity to play the bounce to the resistance zone at 1825.50. Prices are holding above the Ichimoku cloud as well, where we could see more upside in prices.
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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.