Price has reached a key trendline that was tested & rejected for a (3rd touch), which aligns with the 50 fibonacci retracement of the last bullish impulsive movement. This key zone also aligns with the previous resistance zone looking left, where a powerful movement has occurred. I am anticipating for buyers to push price back up into the resistance zone as long as this key region holds here.
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Trade closed: target reached
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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.