This trade was initiated when the price reached our area of interest, where the bottom of the uptrend channel, the EMA200, medium-term support, and the weakening downtrend converged.
The target is the top of the bullish channel, but the trade will likely be closed at the first signs of weakening on the upside.
The target is the top of the bullish channel, but the trade will likely be closed at the first signs of weakening on the upside.
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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.