Weekly close has broken the ascending trendline. It is then a good opportunity to trigger a short trade. Weekly Coppock curve is now oriented downwards. Target can be identified at the previous horizontal support, approx 5.50. Stop loss above 8.20
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Trade active
It is now under our entry price level. It seems to be a promising trade.
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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.