MACD showcases a positive cross in a positive zone.
RSI is poised to move up.
MA50 & EMA50 are strong support factors.
The resistance zones are in red and support areas are in green.
RSI is poised to move up.
MA50 & EMA50 are strong support factors.
The resistance zones are in red and support areas are in green.
Note
I would appreciate your support if you found the idea useful. Thanks!Trade closed: target reached
An update will be posted soonNote
IMHO, we're in dire need of a retracement to grab some liquidity to be able to scale higher. 0.618 is a great zone, and 0.5 is the second zone we could be waiting for the next impulse! I won't rule out the possibility of wicking into the resistance zone, however! So be ready to buy in different stages!
Note
Retracement playing out exactly as I speculated.
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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.