The current price action is testing the support of an ascending parallel channel. A potential pullback from the 26 level, which aligns with the channel's support, is anticipated. If the price rebounds from this level, a swing trade setup could be confirmed, with a possible target of 38.
However, the MACD indicator has recently crossed over to the downside on weekly time frame, with red histograms forming. To confirm a more reliable entry point, we will await a reversal signal from the MACD indicator.
However, the MACD indicator has recently crossed over to the downside on weekly time frame, with red histograms forming. To confirm a more reliable entry point, we will await a reversal signal from the MACD indicator.
Trade active
+15% profit running so far 🚀🚀🚀Note
+20% profit running so far 🚀🚀🚀
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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.