This is a classic bullish setup based on:
• Price action rejection near a demand zone
• A higher low formation
• Aiming for a return to recent resistance
I’m expecting the price to bounce and rise from this demand zone and reach the marked TP while maintaining a tight SL to manage risk effectively
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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.