@Big Johnny
Just updating the chart for you, the FVG is set at 4.08 - 4.18. Wether it fills remains to be seen.
The chart is looking good & may provide a good entry point to top up if it does.
Looking at the candle it looks a bit bearish short term.
There are a few other s/t negative aspects on the indicators I prefer.
The MACD did not make a higher peak.
The histogram did not follow up with a higher peak, also a negative look.
So I woud think that this particular gap has a high probability of closing which should satisfy the theory & test support around 4.08 which is also a normal 50% retrace.
The weekly is a nice looking chart but also shows resistance at last weeks highs. That might be tested again this week & I would expect to see a retest of the rising trend at least once more before it really breaks out.
There is a rising triangle that gives an upside target to around 6.45 - 6.50.
I dont know if the candle is good or bad, it does show rejection at the low area but the daily indications may win out in the s/t
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@Big JohnnyJust updating the chart for you, the FVG is set at...
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