Strong rejection observed at 3375 on both the 1H and 4H timeframes . This level aligns with the EMA200 on the 1H and EMA50 on the 4H, providing solid confluence for a potential buy setup.
Next target: 3402.
If price breaks above this level, a move towards 3420 is possible- Final target is around 3500 but who knows when we'll get there.
A cross of the Yellow Line (EMA5) above the Red (EMA13) would add further confirmation for the long, where I may consider adding to the position.
Let’s see how the price action develops. Good Luck
Just My Idea!
Next target: 3402.
If price breaks above this level, a move towards 3420 is possible- Final target is around 3500 but who knows when we'll get there.
A cross of the Yellow Line (EMA5) above the Red (EMA13) would add further confirmation for the long, where I may consider adding to the position.
Let’s see how the price action develops. Good Luck
Just My Idea!
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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.