FCX - Trend Retracement Reversal (Etoro Portfolio)
Since price cross MA30 June 2020 in weekly, it is in a strong uptrend. Price is reversed nearby MA50 (blue line) appeared a price rejection (pin bar).
Next day one white soldier candle as confirmation day, stochastic oscillator indicator shown price at oversold range moving average line is toward up direction.
I have a position, and look for 2R profit.
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