OPUSD | Continuation of the countertrend
Hello everyone, I wrote a new idea for you. I think it's easy to like and subscribe to the channel, thanks😉
📌The asset continues to move in a downtrend, the countertrend that you see on the chart is a strong resistance
📌 The price bounces again and again from the countertrend, double lowering its local lows.
📌My expectation is that OP will show good growth soon, but first you need to find a safer entry point.
📌I think the entry from the trend line that starts in July will be the optimal entry point. Then you need to wait for a rebound to the trend line and in this zone ($1.1) take a long position
📌The asset continues to move in a downtrend, the countertrend that you see on the chart is a strong resistance
📌 The price bounces again and again from the countertrend, double lowering its local lows.
📌My expectation is that OP will show good growth soon, but first you need to find a safer entry point.
📌I think the entry from the trend line that starts in July will be the optimal entry point. Then you need to wait for a rebound to the trend line and in this zone ($1.1) take a long position
Related publications
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.