on the weekly chart price seem to respect the channel. On the daily price has been on an uptrend . Price is at the bottom of the trendline.
A long trade is possible due to the break and retest of the support/resistance zone.
A short trade is also possible as price might break the trendline .
Patience required before taking any position.
A long trade is possible due to the break and retest of the support/resistance zone.
A short trade is also possible as price might break the trendline .
Patience required before taking any position.
Trade active
followed direction as anticipated
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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.