Clean daily chart is showing us that price is testing trend line and horizontal support line again.


So basically we have two options here. First (1) that intersection will be respected and price will move up from here. We are also at 88.6% Fibonacci retrace, which is basically last line of defense for bulls. Other option (2) is that intersection will not be respected and price will break that support. Then we should wait that price move down a bit, look for a retrace and then look for short entry.

Tomorrow there is Building Permits m/m news in Canada, no major red news in US.

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