A price action above 16800 supports a bullish trend direction.
Further bullish confirmation for a break above 17600.
The target price is set at 18200, its 38.2%) Fibonacci retracement level.
The stop-loss is set at 16600.
Testing also its 200-day simple moving average.
The declining channel pattern's upper range is also being tested.
Remains a risky trade.
Further bullish confirmation for a break above 17600.
The target price is set at 18200, its 38.2%) Fibonacci retracement level.
The stop-loss is set at 16600.
Testing also its 200-day simple moving average.
The declining channel pattern's upper range is also being tested.
Remains a risky trade.
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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.