As you can see from the chart above, the price was in the retracement phase, but on the last week it could break the MS to the upside, take off previous highs and break through the consolidation zone. This week we expect a little pullback to the breaking point of the trendline and retest the support zone, which was a resistance in the past.
Stay tuned. We will update you on Tuesday and give a valid trading setup.
Stay tuned. We will update you on Tuesday and give a valid trading setup.