The reason behind the setup is simple.
It's an uptrend with higher highs and higher lows.
There's the 50 ema supporting the trend.
Price rejected support.
It's an uptrend with higher highs and higher lows.
There's the 50 ema supporting the trend.
Price rejected support.
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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.