Weekly Chart:
Bullish candle broke the range 77.8-79.82
Daily Chart:
Friday closed with a strong bullish candle
Watch out:
1. Downtrend is still intact
2. First resistance might be around zone 80.6
3. Second resistance might be the downtrend line since Jan. 2018
4. Price might go back to retest zone 79.82
5. Strongest resistance will be long term downtrend line since Nov. 2014
Action:
Join the Bull (Going long here still consider counter trend)
Stop Loss:
Always set your SL
Bullish candle broke the range 77.8-79.82
Daily Chart:
Friday closed with a strong bullish candle
Watch out:
1. Downtrend is still intact
2. First resistance might be around zone 80.6
3. Second resistance might be the downtrend line since Jan. 2018
4. Price might go back to retest zone 79.82
5. Strongest resistance will be long term downtrend line since Nov. 2014
Action:
Join the Bull (Going long here still consider counter trend)
Stop Loss:
Always set your SL