Uptrend within the range
On the weekly chart we can see price is moving within the 0.72000 and 0.78000 area. Price already turned around. With price currently at 0.74750 there is enough room to the upside.
On the Daily chart we can see price just finished a pullback and is now moving back up again coming from the supporting trendline. Horizontal support is at 0.74150.
Therefor with 0.78 as profit target this offers a Risk-Reward of 5.41.
On the Daily chart we can see price just finished a pullback and is now moving back up again coming from the supporting trendline. Horizontal support is at 0.74150.
Therefor with 0.78 as profit target this offers a Risk-Reward of 5.41.
Note
uptrend is in tact, momentum needs to get in....
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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.