On the daily timeframe, the price is in a pennant and is looking to break out. The target is at 112.019, however there is resistance at 110.966.
A similar situation can be found on the 1hr timeframe. Currently price has found support at the Fibonacci golden ratio between 109.844 and 109.750.
A similar situation can be found on the 1hr timeframe. Currently price has found support at the Fibonacci golden ratio between 109.844 and 109.750.
Trade closed: target reached
Exactly as predicted.
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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.