Considering it has reached a strong support level and swept previous lows, it offers a good R/R ratio.
From a technical perspective, it's in a favorable position.
On the 4H timeframe, a pullback is expected, providing a better entry opportunity at a discount.
From a technical perspective, it's in a favorable position.
On the 4H timeframe, a pullback is expected, providing a better entry opportunity at a discount.
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.