Price is nearing the 20-week moving average, a key support/resistance level. Historically, this MA has influenced significant reversals or trend continuations. Watch for potential bullish bounce or bearish rejection upon contact.
Trade closed: target reached
Target reached! Pullback soon?!
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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.