XZC Looking Bullish (Go LONG)
I have pinpointed some important things on the chart which shows the move is bullish in coming days.
1. Two Daily rejections on Weekly Support. Indicating support is strong.
2. Candles making higher lows means bullish trend.
3. Enter the trade once a daily candle closes and opens above 5860.
5860 is a resistance level of the weekly zone.
during the last 7 days, the XZC is in the consolidation zone. wicking both the weekly resistance and support.
Just wait for 5860 zones to cross, after that it would be bullish.
In worst case, If move reverses, it is going to test the 5410 daily support, and 90 percent chances are going to be rejected.
Trade safe. Goodluck
1. Two Daily rejections on Weekly Support. Indicating support is strong.
2. Candles making higher lows means bullish trend.
3. Enter the trade once a daily candle closes and opens above 5860.
5860 is a resistance level of the weekly zone.
during the last 7 days, the XZC is in the consolidation zone. wicking both the weekly resistance and support.
Just wait for 5860 zones to cross, after that it would be bullish.
In worst case, If move reverses, it is going to test the 5410 daily support, and 90 percent chances are going to be rejected.
Trade safe. Goodluck
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