The price is moving within an ascending channel and, after a retracement to its resting zone around the 0.5 and 0.618 Fibonacci levels, it is showing signs of a bullish reversal.
Given this structure, look for long trade opportunities in the lower timeframes in the upcoming week, especially if bullish price action confirmation appears.
Given this structure, look for long trade opportunities in the lower timeframes in the upcoming week, especially if bullish price action confirmation appears.
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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.