On the chart we can see that the price is respecting the downsloping support.
We got one fakeout to the upside but eventually the price came back into the formation.
It the support holds, we expect that the price will break the resistance and then we should see an impulsive move to the upside.
We can entry long once the price breaks above the resistance . To avoid trading the fakeout, look for a volume increase.
Approx. target is shown on the chart.
We got one fakeout to the upside but eventually the price came back into the formation.
It the support holds, we expect that the price will break the resistance and then we should see an impulsive move to the upside.
We can entry long once the price breaks above the resistance . To avoid trading the fakeout, look for a volume increase.
Approx. target is shown on the chart.
💥 Free signals and ideas ➡ t.me/vfinvestment
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.
💥 Free signals and ideas ➡ t.me/vfinvestment
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.