As we see from M5 chart below - the uptrend is started after correction finished - the price was stopped by 44.94 resistance by breaking the triangle price pattern.
- if the price will break 44.94 resistance level on close M5 bar so the primary bullish will be continuing (good to open buy trade)
- if not so we may see the secondary ranging or correction inside the primary bullish
I am expecting 44.94 resistance to be broken soon so it is good time to open buy trade for example.
| Resistance | Support |
|---|---|
| 44.94 | 44.76 |
| n/a | 44.65 |
