In the H4 chart, after breaking the 200-day Moving Average, Brent is trading above it, thus indicating an ascending tendency. In this case, the pair is expected to test 2/8, rebound from it, and then resume growing towards the resistance at 3/8. However, this scenario may no longer be valid if the price breaks the support at 1/8 to the downside. After that, the instrument may fall to return to 0/8.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
As we can see in the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, may continue the ascending tendency.
Orgin: RoboForex
