The price has been observed a pull back from its trend line support. Notably, this level coincides with a test of the 50-day Simple Moving Average (SMA). Based on this analysis, a potential pullback is anticipated from this region.
Consideration may be given to establishing long positions around the 132 mark, accompanied by a stop loss set at 125. The primary target for this trade is set at 144 and secondary target at 148.50.
Consideration may be given to establishing long positions around the 132 mark, accompanied by a stop loss set at 125. The primary target for this trade is set at 144 and secondary target at 148.50.
Trade closed: target reached
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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.