Alternative scenario: the downside breakout of 43350 would call for 42030 and 41250.
Our pivot point stands at 43350.
Our preference: as long as 43350 is support look for 46890.
Alternative scenario: the downside breakout of 43350 would call for 42030 and 41250.
Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is below its 20 period moving average (44565) but above its 50 period moving average (44253).
Supports and resistances:
48470 **
47680 *
46890 **
46110
44510 last
43870
43350 **
42030 *
41250 **
Our pivot point stands at 43350.
Our preference: as long as 43350 is support look for 46890.
Alternative scenario: the downside breakout of 43350 would call for 42030 and 41250.
Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is below its 20 period moving average (44565) but above its 50 period moving average (44253).
Supports and resistances:
48470 **
47680 *
46890 **
46110
44510 last
43870
43350 **
42030 *
41250 **
Trade closed: target reached
Nice
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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.