It is going through its downward trend and good conditions have been prepared such as:
Pullback to the downtrend line
Pullback to the 200-day simple moving average line
And pullback to the buy order block area
Risk to reward is about 4
Note: You can also draw a downward trend line on the RSI indicator, which can be a confirmation of the above analysis.
Pullback to the downtrend line
Pullback to the 200-day simple moving average line
And pullback to the buy order block area
Risk to reward is about 4
Note: You can also draw a downward trend line on the RSI indicator, which can be a confirmation of the above analysis.
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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.