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  • The bulls are seeking to engage on a break of hourly resistance.
  • The daily time frame offers a structural target to the upside.  

The following illustrates the market structure from a daily and hourly perspective which offers the potential for an upside impulse towards the critical structure.  

Daily chart

The price is testing the bullish commitments at the 21-d sma.  

1-hour chart

The 1-hour chart is below the market  structure and there will only be confirmed bullish prospects on a break of the over head resistance that would be expected to act as support on a retest.