SMA 13, 26 crossover indicate potential reversal from the downtrend and starting to trend up.
Recent correction provide an entry opportunity to ride the uptrend.
Immediate resistance at 1.23, next resistance at 1.30. Stop loss at 1.07.
Recent correction provide an entry opportunity to ride the uptrend.
Immediate resistance at 1.23, next resistance at 1.30. Stop loss at 1.07.
Note
Recent cycle low and stop loss level tested briefly and recovered. A good sign of support and strength in a weak market.
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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.