H1 time frame.
Structure: Uptrend.
After the price surged past the high of 65000, there was a downward move with the current momentum not great.
It is likely that the price will return to the nearest support zones at 60000 or 54000 and form an accumulation area to continue the trend.
The profit target after the price retraces and the bullish reversal pattern appears is the price zone of 67000.
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Wish you all have a good trading day!
Structure: Uptrend.
After the price surged past the high of 65000, there was a downward move with the current momentum not great.
It is likely that the price will return to the nearest support zones at 60000 or 54000 and form an accumulation area to continue the trend.
The profit target after the price retraces and the bullish reversal pattern appears is the price zone of 67000.
-----------------------------------------------------------------------------------------------
Wish you all have a good trading day!
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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.
Discord : discord.gg/5HTtehrJVK
Website: tradafx.net/
Youtube: youtube.com/c/TradaFXForexTrading
❤
Facebook: facebook.com/tradafx
Instagram: instagram.com/tradafx1/
Twitter: twitter.com/Tradafx1
Website: tradafx.net/
Youtube: youtube.com/c/TradaFXForexTrading
❤
Facebook: facebook.com/tradafx
Instagram: instagram.com/tradafx1/
Twitter: twitter.com/Tradafx1
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.