AMD primed for breakout
Falling wedge forming on 4H & D timeframes. Looking for bounce off upper keltner channel & 9 EMA on daily timeframe for continuing bullish momentum. On the 4H price bounced off lower keltner channel at a good support level confirmed by Fibonacci pivots (marked by yellow levels).
Falling wedge also confirmed on the hourly timeframe as well as a bullish MACD cross on the 15m. Will wait for break & hold of 110.46 to confirm the breakout & prepare for entry on break or retest of upper trend line.
Falling wedge also confirmed on the hourly timeframe as well as a bullish MACD cross on the 15m. Will wait for break & hold of 110.46 to confirm the breakout & prepare for entry on break or retest of upper trend line.
Penafian
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