Hi traders,
In June the price created double bottom pattern and since then the price has been creating higher lows and higher highs. Recently the price broke the strong resistance.
We are expecting that the price will pullback to retest previous resistance and confirm it as support.
After that we expect uptrend continuation.
Previous resistance is expected to act as support now, therefore it could be the entry for the long position.
Our target is at the next key resistance.
Stop loss can be placed at 174$.
In June the price created double bottom pattern and since then the price has been creating higher lows and higher highs. Recently the price broke the strong resistance.
We are expecting that the price will pullback to retest previous resistance and confirm it as support.
After that we expect uptrend continuation.
Previous resistance is expected to act as support now, therefore it could be the entry for the long position.
Our target is at the next key resistance.
Stop loss can be placed at 174$.
Trade closed: target reached
target reached and exceeded.
💥 Free signals and ideas ➡ t.me/vfinvestment
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.
💥 Free signals and ideas ➡ t.me/vfinvestment
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.