The current trend on the shorter timeframe is downward, but we have noticed a bullish divergence on the RSI, which could be a possible sign of a reversal. Therefore, we expect a pullback from here and have decided to open a long position. Our stop-loss will be at the recent low, and our take-profit will be at the recent high.
Note
Target Hit
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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.