3.45-4.8 IF but more retracement first
Expecting a move upward to 3.45 again, and even a move all the way up to 4.8 again on strong staying demand, but a break upside 3. on maintained signs of strength would need to be made as a sign that it is in fact moving to upward zones. As for what I expect before it, IS A TESTING OF LOWER ZONES AGAIN AROUND 2.30-2.60, and weakening supply signs there would be good to initiate buy entries.
Unless it breaks under 2.30 on heavy supply, I do no consider any further long term drop for now.
Interesting regarding the reactions, as it is visible on the 4 hours.
Daily
As for the last 3 days particularly
Weekly
Monthly
Unless it breaks under 2.30 on heavy supply, I do no consider any further long term drop for now.
Interesting regarding the reactions, as it is visible on the 4 hours.
Daily
As for the last 3 days particularly
Weekly
Monthly
Trade closed: target reached
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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.