Price has broken the downward line and also breaking out the EMA 200 , so its bearish move has been confirmed and it is expected to resume its bullish bias towards 183.75.
Confluences:
1-Price was moving above EMA 200.
2-Breaking the downward structure.
3-High Liquidity.
Confluences:
1-Price was moving above EMA 200.
2-Breaking the downward structure.
3-High Liquidity.
Trade closed: target reached
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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.