price is currently trading above weekly cpr and taking resistance at Weekly R1 and monthly L3. there was a confluence of weekly money zone, weekly CPR , weekly L3 and PEMA (13,34,55). Also, there was an inside weekly cpr relation which offers a potential breakout.
The price has smoothly stayed below PEMA and has crossed over PEMA indicating a bullish bias
Sustaining above previous week high or a successful retest at weekly cpr or PEMA or previous month low would push the price to newer weekly highs.
The potential targets are Weekly R2 and Weekly H5 with stoploss slightly below weekly L3
The price has smoothly stayed below PEMA and has crossed over PEMA indicating a bullish bias
Sustaining above previous week high or a successful retest at weekly cpr or PEMA or previous month low would push the price to newer weekly highs.
The potential targets are Weekly R2 and Weekly H5 with stoploss slightly below weekly L3