Firstly, if we look at the higher timeframe charts, we can clearly observe that the price has reached a major level of support. Zooming down to smaller timeframes, we can identify that the price has printed some nice bullish candles and bounced off that key support area. Moreover, after some strong bearish moves last week, we can expect the price to keep going up to complete the correction move. After the correction is completed, we will be looking for SELL positions once again.
What do you think, family? Feel free to drop your ideas in the comment section below!
What do you think, family? Feel free to drop your ideas in the comment section below!
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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.