As you see in the daily chart, price is at the lower band of the ascending parallel channel which is a very good point to enter with the lowest risk and the highest reward!
In H1 there is a downside trend but price has made a higher high which means there would be a reversal and upside pressure.
There is a demand level around 3.350 - 3.500 and IF price pulls back to revisit this level, we can enter long:
First target at $5.5 and Second target at $8
In H1 there is a downside trend but price has made a higher high which means there would be a reversal and upside pressure.
There is a demand level around 3.350 - 3.500 and IF price pulls back to revisit this level, we can enter long:
First target at $5.5 and Second target at $8
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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.
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.