We're zooming out to the daily chart to look at this setup.
I am watching an important price structure level to be broken in order to help confirm that we have an established firm that will try and run bullishly for us.
I need to see a close above that level on at least the 4 hour to help confirm this bias.
I've drawn out several price structure targets on the way to our overall target but we'll be looking to grab some partial profit on the way and adding to our position at key levels.
IF we can't close above that resistance and maintain our bullish bias, this setup may become invalidated.
I am watching an important price structure level to be broken in order to help confirm that we have an established firm that will try and run bullishly for us.
I need to see a close above that level on at least the 4 hour to help confirm this bias.
I've drawn out several price structure targets on the way to our overall target but we'll be looking to grab some partial profit on the way and adding to our position at key levels.
IF we can't close above that resistance and maintain our bullish bias, this setup may become invalidated.