This one is also aiming for weekly support WS1. 0.80-0.81. It has come quite close to it and I believe it wont shy away from it. However, that hit of the price to the weekly support may provide a long opportunity. The target for this long should be 0.854 and if extended 0.883.
Note
As mentioned, the price has hit the weekly support zone WS1. It has also bounced well from that level as a first reaction. I would expect the bounce to go further but the current bounce may retrace first.Trade closed: target reached
So the first target is achieved and the price hit the 0.854 level and immediately pushed back down. Lets watch it for a while to look for anothe rtrade towards 0.883 zone. If the price comes close to the WS1 zone again, that will be definitely another long opportunity by default.
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.