The price has hit the weekly support and likely to bounce from here. I would say, a long is favorable here as far as the probability of winning is concerned.
Trade closed: target reached
The price hit the target resistance area mentioned in the post. The weekly support did act as a good zone where price bounced almost 8% till now. This concludes this idea and this trade.If you like the content and find value in the posted analysis, please give a like and if you want to get notified about any new idea posted, please follow this account. I also share ideas on twitter, so if you want to tune to that, please check my twitter account: twitter.com/angela_altair
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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.