To be honest, this is one of the times I wish to be wrong but the chart don't lie. "a known support zone, if broken becomes a resistance zone" which is what you will see on the weekly Time frame; topping the analysis up, a SHS formation is seen on the daily TF which signals a reversal on a commodity. If trading leveraged positions, trade cautiously.
Trade active
It has come to retest the entry price more than once and has seen a rejection each time, give us more confidence to hold on to the trade.Trade closed: target reached
First target hit
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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.