Weekly: Bullish
Daily: Bullish
Zone: Demand Zone @ 119.4 - 119.9
Pivot Point: 118.865
Type of Trade: Continuation
TP: 118.564
Weekly shows a strong bullish movement over the months. For daily, we have a new lower low after a while. With the lower low, I choose to think it as a pullback to test the Demand Zone and the coupled Monthly Pivot Point.
With the long bullish candle, it indicates a strong move on the upside - serving as confirmation.
TP is 1.5r away.
Daily: Bullish
Zone: Demand Zone @ 119.4 - 119.9
Pivot Point: 118.865
Type of Trade: Continuation
TP: 118.564
Weekly shows a strong bullish movement over the months. For daily, we have a new lower low after a while. With the lower low, I choose to think it as a pullback to test the Demand Zone and the coupled Monthly Pivot Point.
With the long bullish candle, it indicates a strong move on the upside - serving as confirmation.
TP is 1.5r away.
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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.