Starting the analysis on the 1D chart, we can see a channel formation. Our strategy here is to wait for the break trough if there are no other clear signs or indications of the direction in which the initial breakout will occur. The confirmation has happened, as the price made a break out in the bullish direction. We believe that it can go further, but do expect a correction soon.
On the four hour chart we can see, that the bulls are a bit weaker then they were at the breakout. We expect a smaller pullback before the price will continue its way higher.
We wish you good luck with your trading!
On the four hour chart we can see, that the bulls are a bit weaker then they were at the breakout. We expect a smaller pullback before the price will continue its way higher.
We wish you good luck with your trading!
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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.