Tendency: Uptrend
Pattern: Double Bottom/Breakout setup
Observation: Price appears to have successfully break resistance @107.000 and it's currently experiencing a correction into the zone to make new support.
Trading possibility: BUY now or at the completion of correction into 106.500 zone with a potential TP1/TP2 @ 108.500/110.000 zone respectively and SL @ 105.500/105.000 zone.
Risk/Reward: 1/2.6
Potential Duration: 20 days
Pattern: Double Bottom/Breakout setup
Observation: Price appears to have successfully break resistance @107.000 and it's currently experiencing a correction into the zone to make new support.
Trading possibility: BUY now or at the completion of correction into 106.500 zone with a potential TP1/TP2 @ 108.500/110.000 zone respectively and SL @ 105.500/105.000 zone.
Risk/Reward: 1/2.6
Potential Duration: 20 days
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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.
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.