Long
WAVESUSD: Higher Timeframe Support Zone Reclaimed
There is currently an active Bullish trade setup on the Intraday Timeframers that could take it up about 20% but when looking at the context of the higher timeframe i can see the weekly candles reclaiming an old Congestion Zone which could set it up to make a macro recovery. In the scenario of a Macro Recovery i think it could go all the way back up to the 0.886 retrace and if it's feeling even more Bullish it could go all the way up to the 1.414 Extension.
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Related publications
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.