1) Possible continuation of upward trend in the short term, if the candles remain above MA (9).
2) Possible consolidation between 50% and 61.8% levels of Fibonacci, after a 50% level break.
3) Continuation of the price between bullish channel, with probability of reaching the level of 78.6% in the long term.
4) Stochastic in positive zone and with upward direction. It is not in overbought zone.
Setup:
Entry = 75.426
SL = 74.131
TP1= 76.722
TP2= 78.566
2) Possible consolidation between 50% and 61.8% levels of Fibonacci, after a 50% level break.
3) Continuation of the price between bullish channel, with probability of reaching the level of 78.6% in the long term.
4) Stochastic in positive zone and with upward direction. It is not in overbought zone.
Setup:
Entry = 75.426
SL = 74.131
TP1= 76.722
TP2= 78.566
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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.