As you can see from the chart. The Ascending trendline and the Support is being respected. If this continues into the close. It would be a good place to open Buy. As a tight SL can be used to potential downside and maximise RR.
Note
In addition. A EMA crossover. Making it an even stronger place to buy. I will open another buy.
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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.