Short-term Buy
On the H1 chart, after breaking the short-term downward channel, the price may remain consolidated between the main channel and the short-term channel resistance for a while. Those seeking safer trades can wait for the main channel to break. On the other hand, risk-takers can enter long positions from current levels.
Our primary price target is the 38.2% Fibonacci retracement level. However, we might see a pullback from the 23.6% level before reaching this target.
Our primary price target is the 38.2% Fibonacci retracement level. However, we might see a pullback from the 23.6% level before reaching this target.
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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.