Breakout Higher Could be Coming

Price could be building for a potential breakout higher in this market.

As the daily chart shows; price has now moved above the daily chart resistance level and is looking to make a move higher.

The old resistance has now held as a new support level and has also created a new higher low.

If price can make a new test of the overhead resistance we can watch for potential breakout trades.

Trades could be hunted on the daily and intraday time frames.