The price has broken the red channel from above. she is bouncing in an area in which there are two important lines. the 1st line is the purple one that is the S&R line that is turned to important support. the 2nd line is the white line which stands for 38.2 fib of the wave XY.
with these interpretations, the price has the potential to go up to the aqua line which is the fib 61.8 of the wave AB.
this position has good risk to reward ration too.
get the confirmation from 4H.
with these interpretations, the price has the potential to go up to the aqua line which is the fib 61.8 of the wave AB.
this position has good risk to reward ration too.
get the confirmation from 4H.
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.
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.