When we look at the chart we can see that the price is now in a good support zone that was good respected in the past.
What I am looking for now is to get a good entry here and to see what the price is going to do in this zone. Also we need to keep an eye out for the upcoming news and the volume that we can see when that is hitting.
If you want to play it save you can always wait an hour to see what the news is going to do and then see if you want to enter or not.
We can also see that there was a very beautiful Elliott wave pattern in the past that is almost looking like an Elliott wave pattern from the books. Always nice to see that.
Any updates will be giving in the comments.
What I am looking for now is to get a good entry here and to see what the price is going to do in this zone. Also we need to keep an eye out for the upcoming news and the volume that we can see when that is hitting.
If you want to play it save you can always wait an hour to see what the news is going to do and then see if you want to enter or not.
We can also see that there was a very beautiful Elliott wave pattern in the past that is almost looking like an Elliott wave pattern from the books. Always nice to see that.
Any updates will be giving in the comments.
Trade active
Going to risk it an open the trade here. Keep in mind that the market is closing in a few hours so you will have spread over the weekend.
You can also wait unitl monday to see how the market opens to see what the price is going to do then.
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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.