The support level 1720.0 is holding back sellers. A downward truncated M30 level pattern has formed, it ended with the breakout of an inclined channel. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals oversoldness. The breakout of 1729.40 will result in the formation of an ascending pattern within the wave (C) of the H4 level.
Buy above 1729.40.
Stop loss: 1720.0.
Target levels: 1744.0; 1753.0.
If the price falls to the support level of 1720.0, cancel the trading plan.