Potential buy
Chart is seen to be in a corrective phase, from daily (top-situated) channel within a bigger weekly channel.
Price might retrace to the 61.8 level, that is in confluence with both a strong support + Dominant angle trendline from the bigger channel. Then possibly see a break after some possible ranging, to the 61.8 extension level (also in Confluence with the Daily Resistance level = 1.1400)
...Patiently waiting!
Note
Price might shoot up to the 61.8 extension level (also in Confluence with the Daily Resistance level = 1.1400).....if and only if doesn't break (& close), below the Support!!Will look at it closely
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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.