We are moving in a bigger range here and it looks like we are on the way to the top of this range again.
Price just pulled back to a well respected s/r zone and i will look for a long trade after a bullish reaction right on the s/r area
( MA gives us also kind of dynamic support here if it can hold)
The other scenario is a short trade in case price breaks the s/r zone to the downside here.
We have also kind of rising trendline but its not that important to me due to the fact that we just have several touches at the very begining of the upward move in case price respects this line and starts to offer a long opportunity i see this trendline as confirmed and we can just look for a break or rejection at the next contact with price .
Price just pulled back to a well respected s/r zone and i will look for a long trade after a bullish reaction right on the s/r area
( MA gives us also kind of dynamic support here if it can hold)
The other scenario is a short trade in case price breaks the s/r zone to the downside here.
We have also kind of rising trendline but its not that important to me due to the fact that we just have several touches at the very begining of the upward move in case price respects this line and starts to offer a long opportunity i see this trendline as confirmed and we can just look for a break or rejection at the next contact with price .