On the H4, the price is bullish as it gets closer the first resistance level at 136.000 which also happens to be the place of the previous swing low and the 61.8 % Fibonacci retracement. When the price drops to its previous swing low, 134.300, buy. stop loss at the previous swing low 132.606 and take profit at the fibonacci projection and retracement of 78.6 % each.
The RSI is moving toward the level of 70 and the ADX is showing a rising signal.
In addition to all analysis above a reverse head and shoulder pattern is created which can show a positive signal for a buy position.

• There is resistance 135.494, followed by resistance at 136.000 and 136.544.
• There is support at 135.044. Below, there is 134.500 and 133.593.

Note: We do not suggest any investment advice, and these analyses are just to increase the traders’ awareness but not a certain instruction for trading.