Hello everybody!
There is a strong higher timeframe resistance now acting as support.
Price is respecting this area and starting to form a strong move to the upside.
We are looking to enter a buy position here, as the overall bullish trend is likely to continue.
There is a strong higher timeframe resistance now acting as support.
Price is respecting this area and starting to form a strong move to the upside.
We are looking to enter a buy position here, as the overall bullish trend is likely to continue.
Trade active
Trade closed: target reached
Closed with a 2.5R profit.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.