Price has been trading in a bullish channel since its bottom back in mid August. Now price is once again heading to the key support of the bullish channel for the second time.
Trade Step-ups:
Scenario One (Bullish Reversal): Price bounce from key support of the channel. Profit levels to look for are 148.900, 149.600 & 151.00.
Scenario Two (Bearish Breakout): Price breaks channel trend, look for consolidation below 147.00
Trade Step-ups:
Scenario One (Bullish Reversal): Price bounce from key support of the channel. Profit levels to look for are 148.900, 149.600 & 151.00.
Scenario Two (Bearish Breakout): Price breaks channel trend, look for consolidation below 147.00
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.
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.