Weekly Chart: Bullish engulfing pattern Daily Chart: Bullish candle Watch out: 1. The long-term down trend line since Jun 2015 will act as a strong resistance Action: Join the Bulls
Trade closed manually
It is approaching the long-term down trend line since Jun 2015 and we can see that it was strong resistance. Stand aside this week.
Note
Weekly Chart: Bullish Candle and broken the long-term down trend line since Jun 2015 Daily Chart: Some took profit off the table. Watch out: There might be a pull back Action: Wait to join the Bulls this week
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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.