- Price is at the bottom of the range on the weekly - upward bias
- Price is forming a symmetrical triangle pattern on the D1
- The blue area is a historic S/R
- RSI on the H4 is in oversold territory
Wait for price action to go long
- Price is forming a symmetrical triangle pattern on the D1
- The blue area is a historic S/R
- RSI on the H4 is in oversold territory
Wait for price action to go long
Note
UPDATE #1Price has reacted nicely and moved up.
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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.