After a Double Bottom formed through March/April, price has successfully broken through the 50/200EMAs.
Since breaking through the 138.00 SR level, price has been consolidating for a few weeks now.
In this sideways movement price has intercepted the prevailing trend line and simultaneously tested it alongside the 138.00 Support.
Next significant resistance is 142.00, providing a 2.4:1 Reward:Risk.
Since breaking through the 138.00 SR level, price has been consolidating for a few weeks now.
In this sideways movement price has intercepted the prevailing trend line and simultaneously tested it alongside the 138.00 Support.
Next significant resistance is 142.00, providing a 2.4:1 Reward:Risk.