1️⃣ The pair is moving within a symmetrical ascending price channel on the weekly chart.
2️⃣ The upper boundary of the channel has been touched, forming a downtrend.
3️⃣ The downtrend has been broken, the lower boundary of the channel has been touched, and an uptrend has begun.
4️⃣ There are oversold signals on the RSI and MACD indicators.
Recommendation:
Buy from the blue zones.
Targets are located in the green zones.
It is recommended to observe proper capital management to ensure risk reduction.
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.
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.