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Bullish Breakout on Daily Timeframe
There's been a confirmed bullish breakout from the descending channel of resistance.
This breakout could spark renewed enthusiasm to push higher towards the 50% fibonacci level that I plotted out on the chart.
The reason I'm targetting the 50% level is because it will likely coincide with the 100 SMA once we reach that level causing a confluence of resistance.
Wel Trade - Trade Safe
This breakout could spark renewed enthusiasm to push higher towards the 50% fibonacci level that I plotted out on the chart.
The reason I'm targetting the 50% level is because it will likely coincide with the 100 SMA once we reach that level causing a confluence of resistance.
Wel Trade - Trade Safe
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