Price is moving toward 50% Fib Level. 50% Fib Level is also weekly key level. Sydney market open initiate uptrend off wedge pattern breakout. London market open is expected to move price higher, possibly to 61.8% Fib Level.
Buy Confluences:
1) Monthly Key Level rejection indicating trend reversal (Strong)
2) H1, H4, D... Morning star formation at monthly key level (Strong)
3) H1... 8, 21 EMA Cross to the upside (Strong)
4) D, H4, H1... Price in above 50 EMA (Medium)
5) MACD inticates an uptrend
Buy Confluences:
1) Monthly Key Level rejection indicating trend reversal (Strong)
2) H1, H4, D... Morning star formation at monthly key level (Strong)
3) H1... 8, 21 EMA Cross to the upside (Strong)
4) D, H4, H1... Price in above 50 EMA (Medium)
5) MACD inticates an uptrend